Jupiter Fund Management PLC (JUP) Rating Reiterated by Numis Securities Ltd
Jupiter Fund Management PLC (LON:JUP)‘s stock had its “buy” rating reissued by analysts at Numis Securities Ltd in a research note issued on Friday. They presently have a GBX 520 ($6.79) target price on the stock. Numis Securities Ltd’s price target indicates a potential upside of 18.69% from the stock’s current price.
Several other research analysts have also recently issued reports on JUP. Macquarie reiterated a “neutral” rating and issued a GBX 380 ($4.96) price objective on shares of Jupiter Fund Management PLC in a report on Wednesday, May 25th. BNP Paribas cut shares of Jupiter Fund Management PLC to a “neutral” rating and set a GBX 415 ($5.42) price objective for the company. in a report on Monday, June 27th. JPMorgan Chase & Co. decreased their price objective on shares of Jupiter Fund Management PLC from GBX 435 ($5.68) to GBX 380 ($4.96) and set a “neutral” rating for the company in a report on Wednesday, June 29th. Barclays PLC cut shares of Jupiter Fund Management PLC to an “equal weight” rating and decreased their price objective for the company from GBX 500 ($6.53) to GBX 400 ($5.22) in a report on Thursday, June 30th. Finally, Jefferies Group decreased their price objective on shares of Jupiter Fund Management PLC from GBX 472 ($6.16) to GBX 406 ($5.30) and set a “buy” rating for the company in a report on Thursday, June 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 428.21 ($5.59).
Shares of Jupiter Fund Management PLC (LON:JUP) opened at 439.10 on Friday. The stock’s market capitalization is GBX 1.98 billion. Jupiter Fund Management PLC has a 1-year low of GBX 324.60 and a 1-year high of GBX 481.30. The firm has a 50-day moving average of GBX 423.78 and a 200 day moving average of GBX 411.74.
The business also recently announced a dividend, which was paid on Friday, August 26th. Shareholders of record on Thursday, August 4th were given a GBX 4.50 ($0.06) dividend. The ex-dividend date was Thursday, August 4th. This represents a yield of 1.08%.
In other Jupiter Fund Management PLC news, insider Carter,Edward Bonham sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of GBX 417 ($5.44), for a total value of £4,170,000 ($5,443,153.64).
About Jupiter Fund Management PLC
Jupiter Fund Management plc (Jupiter) is a United Kingdom-based fund manager. The principal activity of the Company is to act as a holding company for a group of investment management companies. The Company operates through investment management business segment. The Company focuses primarily on managing equity investments on behalf of retail, institutional and private client investors across a range of products, including United Kingdom and offshore mutual funds, segregated mandates and investment trusts.
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