Several brokerages have updated their recommendations and price targets on shares of Jupiter Fund Management (LON: JUP) in the last few weeks:

  • 5/15/2019 – Jupiter Fund Management was downgraded by analysts at Bank of America Corp to an “underperform” rating.
  • 5/14/2019 – Jupiter Fund Management was downgraded by analysts at Shore Capital to a “hold” rating.
  • 5/14/2019 – Jupiter Fund Management had its “hold” rating reaffirmed by analysts at Numis Securities Ltd.
  • 5/9/2019 – Jupiter Fund Management was downgraded by analysts at UBS Group AG to a “sell” rating.
  • 5/2/2019 – Jupiter Fund Management was downgraded by analysts at UBS Group AG to a “sell” rating. They now have a GBX 325 ($4.25) price target on the stock, down previously from GBX 355 ($4.64).
  • 4/30/2019 – Jupiter Fund Management had its price target raised by analysts at Berenberg Bank from GBX 357 ($4.66) to GBX 360 ($4.70). They now have a “hold” rating on the stock.
  • 4/30/2019 – Jupiter Fund Management had its “hold” rating reaffirmed by analysts at Numis Securities Ltd.
  • 4/30/2019 – Jupiter Fund Management had its “hold” rating reaffirmed by analysts at Peel Hunt.
  • 4/30/2019 – Jupiter Fund Management had its “buy” rating reaffirmed by analysts at Shore Capital.
  • 4/23/2019 – Jupiter Fund Management was downgraded by analysts at Numis Securities Ltd to a “hold” rating. They now have a GBX 390 ($5.10) price target on the stock.
  • 4/12/2019 – Jupiter Fund Management is now covered by analysts at Barclays PLC. They set an “underweight” rating and a GBX 330 ($4.31) price target on the stock.
  • 4/9/2019 – Jupiter Fund Management had its price target lowered by analysts at Jefferies Financial Group Inc from GBX 480 ($6.27) to GBX 369 ($4.82). They now have a “hold” rating on the stock.
  • 3/29/2019 – Jupiter Fund Management was upgraded by analysts at UBS Group AG to a “neutral” rating. They now have a GBX 355 ($4.64) price target on the stock, up previously from GBX 280 ($3.66).
  • 3/28/2019 – Jupiter Fund Management had its price target raised by analysts at UBS Group AG from GBX 280 ($3.66) to GBX 300 ($3.92). They now have a “sell” rating on the stock.

Shares of LON JUP traded up GBX 7.10 ($0.09) during mid-day trading on Thursday, reaching GBX 367 ($4.80). 938,514 shares of the company traded hands, compared to its average volume of 2,620,000. Jupiter Fund Management PLC has a fifty-two week low of GBX 274.10 ($3.58) and a fifty-two week high of GBX 490.70 ($6.41). The firm has a market capitalization of $1.61 billion and a PE ratio of 11.80.

In other Jupiter Fund Management news, insider Charlotte Jones sold 19,202 shares of Jupiter Fund Management stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of GBX 361 ($4.72), for a total value of £69,319.22 ($90,577.84). Also, insider Andrew Formica purchased 140,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was acquired at an average price of GBX 354 ($4.63) per share, for a total transaction of £495,600 ($647,589.18). In the last 90 days, insiders acquired 333,753 shares of company stock worth $120,941,036.

Jupiter Fund Management Plc is a publicly owned investment manager. The firm manages mutual funds, hedge funds, client focused portfolios, and multi-manager products for its clients. It invests in the public equity markets across U.K., Europe and global emerging markets. The firm also invests in fixed income markets, fund of funds products, hedge funds, and absolute return funds.

See Also: Cost of Capital

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