Jupiter Fund Management PLC (JUP) Lifted to “Neutral” at Macquarie
Macquarie upgraded shares of Jupiter Fund Management PLC (LON:JUP) to a neutral rating in a research note published on Monday morning. They currently have GBX 471 ($6.11) price objective on the stock, up from their previous price objective of GBX 393 ($5.10).
Several other research analysts also recently commented on the stock. Shore Capital restated a hold rating on shares of Jupiter Fund Management PLC in a research report on Tuesday, August 15th. Credit Suisse Group boosted their price objective on shares of Jupiter Fund Management PLC from GBX 375 ($4.87) to GBX 500 ($6.49) and gave the company an underperform rating in a research report on Thursday, July 27th. Numis Securities Ltd restated an add rating and set a GBX 570 ($7.40) price objective on shares of Jupiter Fund Management PLC in a research report on Wednesday, July 26th. Barclays PLC boosted their price objective on shares of Jupiter Fund Management PLC from GBX 470 ($6.10) to GBX 560 ($7.27) and gave the company an equal weight rating in a research report on Thursday, July 20th. Finally, BNP Paribas restated a neutral rating and set a GBX 490 ($6.36) price objective on shares of Jupiter Fund Management PLC in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 509.67 ($6.62).
Jupiter Fund Management PLC (JUP) opened at 530.00 on Monday. The company’s 50-day moving average price is GBX 526.22 and its 200-day moving average price is GBX 476.52. The firm’s market cap is GBX 2.39 billion. Jupiter Fund Management PLC has a 52-week low of GBX 388.90 and a 52-week high of GBX 565.00.
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The firm also recently disclosed a dividend, which will be paid on Wednesday, August 30th. Investors of record on Thursday, August 3rd will be paid a GBX 6.80 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a dividend yield of 1.28%.
In related news, insider Edward Bonham Carter sold 147,060 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of GBX 489 ($6.35), for a total value of £719,123.40 ($933,562.77).
Jupiter Fund Management PLC Company Profile
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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