Jupiter Fund Management PLC’s (JUP) Underperform Rating Reaffirmed at Macquarie
Jupiter Fund Management PLC (LON:JUP)‘s stock had its “underperform” rating reaffirmed by equities research analysts at Macquarie in a note issued to investors on Friday. They presently have a GBX 360 ($4.70) price objective on the stock. Macquarie’s price target suggests a potential downside of 19.95% from the stock’s current price.
Other research analysts have also recently issued research reports about the stock. Liberum Capital restated a “buy” rating and set a GBX 354 ($4.62) target price on shares of Jupiter Fund Management PLC in a report on Wednesday, July 27th. Barclays PLC reiterated an “equal weight” rating and issued a GBX 420 ($5.48) price target on shares of Jupiter Fund Management PLC in a research note on Thursday, July 28th. Panmure Gordon reiterated a “sell” rating and issued a GBX 345 ($4.50) price target on shares of Jupiter Fund Management PLC in a research note on Wednesday, July 27th. Societe Generale raised shares of Jupiter Fund Management PLC to a “buy” rating and dropped their price objective for the company from GBX 475 ($6.20) to GBX 460 ($6.00) in a research report on Tuesday, July 26th. Finally, Royal Bank Of Canada raised their price target on shares of Jupiter Fund Management PLC from GBX 435 ($5.68) to GBX 450 ($5.87) and gave the stock an “outperform” rating in a research report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 426.79 ($5.57).
Shares of Jupiter Fund Management PLC (LON:JUP) traded down 1.45% during mid-day trading on Friday, hitting GBX 443.20. 710,595 shares of the stock traded hands. The company’s 50 day moving average is GBX 430.49 and its 200 day moving average is GBX 415.14. The firm’s market capitalization is GBX 1.99 billion. Jupiter Fund Management PLC has a one year low of GBX 324.60 and a one year high of GBX 481.30.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/07/jupiter-fund-management-plc-jup-stock-rating-reaffirmed-by-macquarie.html
In other news, insider Carter,Edward Bonham sold 1,000,000 shares of the firm’s 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.
Receive News & Ratings for Jupiter Fund Management PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jupiter Fund Management PLC and related companies with MarketBeat.com's FREE daily email newsletter.