Jupiter Fund Management PLC (JUP) Earns Hold Rating from Numis Securities Ltd
Jupiter Fund Management PLC (LON:JUP)‘s stock had its “hold” rating reaffirmed by analysts at Numis Securities Ltd in a research report issued on Friday. They presently have a GBX 580 ($7.50) price objective on the stock. Numis Securities Ltd’s target price suggests a potential upside of 8.11% from the stock’s current price.
Other research analysts have also issued reports about the stock. HSBC Holdings plc raised their target price on shares of Jupiter Fund Management PLC from GBX 465 ($6.01) to GBX 530 ($6.85) and gave the company a “buy” rating in a report on Tuesday, June 13th. Liberum Capital raised their target price on shares of Jupiter Fund Management PLC from GBX 487 ($6.30) to GBX 591 ($7.64) and gave the company a “buy” rating in a report on Monday, July 17th. Jefferies Group LLC raised their target price on shares of Jupiter Fund Management PLC from GBX 535 ($6.92) to GBX 565 ($7.31) and gave the company a “buy” rating in a report on Tuesday, July 11th. Barclays PLC raised their target price on shares of Jupiter Fund Management PLC from GBX 470 ($6.08) to GBX 560 ($7.24) and gave the company an “equal weight” rating in a report on Thursday, July 20th. Finally, Shore Capital reissued a “hold” rating on shares of Jupiter Fund Management PLC in a report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 510.33 ($6.60).
Shares of Jupiter Fund Management PLC (JUP) opened at 538.00 on Friday. The company’s market capitalization is GBX 2.42 billion. Jupiter Fund Management PLC has a one year low of GBX 388.90 and a one year high of GBX 565.00. The stock has a 50 day moving average of GBX 528.22 and a 200-day moving average of GBX 477.70.
In related news, insider Edward Bonham Carter sold 147,060 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of GBX 489 ($6.32), for a total value of £719,123.40 ($930,061.30).
About Jupiter Fund Management PLC
Jupiter Fund Management plc is a fund manager. The principal activity of the Company is to act as a holding company for a group of investment management companies. The Company focuses primarily on managing equity investments on behalf of retail, institutional and private client investors across a range of products, including the United Kingdom and offshore mutual funds, segregated mandates and investment trusts.
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