Credit Suisse Group Increases Jupiter Fund Management PLC (JUP) Price Target to GBX 500
Jupiter Fund Management PLC (LON:JUP) had its price target upped by Credit Suisse Group from GBX 375 ($4.89) to GBX 500 ($6.51) in a research report sent to investors on Thursday. They currently have an underperform rating on the stock.
JUP has been the subject of several other research reports. HSBC Holdings plc lifted their price target on Jupiter Fund Management PLC from GBX 465 ($6.06) to GBX 530 ($6.90) and gave the stock a buy rating in a research report on Tuesday, June 13th. Liberum Capital lifted their price target on Jupiter Fund Management PLC from GBX 487 ($6.34) to GBX 591 ($7.70) and gave the stock a buy rating in a research report on Monday, July 17th. Numis Securities Ltd reiterated an add rating and issued a GBX 570 ($7.43) price target on shares of Jupiter Fund Management PLC in a research report on Wednesday, July 26th. Shore Capital reiterated a hold rating on shares of Jupiter Fund Management PLC in a research report on Wednesday, July 26th. Finally, Macquarie reiterated an underperform rating and issued a GBX 393 ($5.12) price target on shares of Jupiter Fund Management PLC in a research report on Monday, May 15th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 504.47 ($6.57).
Shares of Jupiter Fund Management PLC (JUP) opened at 537.00 on Thursday. The company’s market cap is GBX 2.42 billion. The stock has a 50 day moving average price of GBX 513.62 and a 200-day moving average price of GBX 461.33. Jupiter Fund Management PLC has a 1-year low of GBX 385.00 and a 1-year high of GBX 537.50.
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The firm also recently announced a dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Thursday, August 3rd will be given a dividend of GBX 6.80 ($0.09) per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a dividend yield of 1.28%.
In other news, insider Edward Bonham Carter sold 147,060 shares of Jupiter Fund Management PLC stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of GBX 489 ($6.37), for a total transaction of £719,123.40 ($936,846.53).
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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