Jupiter Fund Management PLC (JUP) Upgraded to “Buy” by Societe Generale
Jupiter Fund Management PLC (LON:JUP) was upgraded by investment analysts at Societe Generale to a “buy” rating in a research note issued to investors on Tuesday. The brokerage currently has a GBX 460 ($6.00) price objective on the stock, down from their previous price objective of GBX 475 ($6.20). Societe Generale’s price objective indicates a potential upside of 3.79% from the company’s previous close.
Several other research analysts have also commented on JUP. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 450 ($5.87) price objective on shares of Jupiter Fund Management PLC in a research note on Friday, April 1st. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 435 ($5.68) price objective on shares of Jupiter Fund Management PLC in a research note on Friday, April 1st. Barclays PLC reiterated an “overweight” rating and set a GBX 475 ($6.20) price objective on shares of Jupiter Fund Management PLC in a research note on Monday, April 4th. BNP Paribas boosted their price objective on shares of Jupiter Fund Management PLC from GBX 460 ($6.00) to GBX 470 ($6.13) and gave the stock an “outperform” rating in a research note on Friday, April 8th. Finally, Jefferies Group restated a “buy” rating and set a GBX 472 ($6.16) price target on shares of Jupiter Fund Management PLC in a research note on Monday, April 11th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 424.23 ($5.54).
Shares of Jupiter Fund Management PLC (LON:JUP) traded down 1.445408% during mid-day trading on Tuesday, hitting GBX 445.751434. 710,595 shares of the stock traded hands. Jupiter Fund Management PLC has a 12 month low of GBX 324.60 and a 12 month high of GBX 481.30. The firm has a 50 day moving average of GBX 430.49 and a 200 day moving average of GBX 415.14. The stock’s market cap is GBX 2.01 billion.
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In related news, insider Carter,Edward Bonham sold 1,000,000 shares of the stock in a transaction on Thursday, July 28th. The shares were sold at an average price of GBX 417 ($5.44), for a total transaction 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.
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