Jupiter Fund Management Plc (JUP) Downgraded by HSBC Holdings PLC
HSBC Holdings PLC lowered shares of Jupiter Fund Management Plc (LON:JUP) to a hold rating in a research note published on Thursday. The firm currently has GBX 610 ($8.02) target price on the stock, up from their previous target price of GBX 575 ($7.56).
Several other analysts have also recently issued reports on the company. Macquarie upgraded Jupiter Fund Management to a neutral rating and upped their price objective for the company from GBX 393 ($5.17) to GBX 471 ($6.19) in a research note on Monday, August 21st. J P Morgan Chase & Co upped their price objective on Jupiter Fund Management from GBX 550 ($7.23) to GBX 565 ($7.43) and gave the company a neutral rating in a research note on Thursday, October 12th. Credit Suisse Group upped their price objective on Jupiter Fund Management from GBX 375 ($4.93) to GBX 500 ($6.58) and gave the company an underperform rating in a research note on Thursday, July 27th. Numis Securities Ltd restated a hold rating and set a GBX 580 ($7.63) price objective on shares of Jupiter Fund Management in a research note on Friday, September 1st. Finally, Jefferies Group LLC upped their price objective on Jupiter Fund Management from GBX 565 ($7.43) to GBX 620 ($8.15) and gave the company a buy rating in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of GBX 548 ($7.21).
Shares of Jupiter Fund Management (LON:JUP) opened at GBX 585.50 ($7.70) on Thursday. Jupiter Fund Management has a one year low of GBX 388.90 ($5.12) and a one year high of GBX 606.50 ($7.98).
About Jupiter Fund Management
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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