Jupiter Fund Management PLC (JUP) Lifted to Overweight at Barclays PLC
Jupiter Fund Management PLC (LON:JUP) was upgraded by equities researchers at Barclays PLC to an “overweight” rating in a report released on Tuesday.
A number of other analysts also recently issued reports on JUP. Numis Securities Ltd lifted their target price on Jupiter Fund Management PLC from GBX 475 ($5.88) to GBX 500 ($6.19) and gave the company a “buy” rating in a research report on Wednesday, July 27th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 452 ($5.59) target price on shares of Jupiter Fund Management PLC in a research report on Tuesday, July 5th. BNP Paribas downgraded Jupiter Fund Management PLC to a “neutral” rating and set a GBX 415 ($5.14) target price on the stock. in a research report on Monday, June 27th. JPMorgan Chase & Co. lowered their target price on Jupiter Fund Management PLC from GBX 435 ($5.38) to GBX 380 ($4.70) and set a “neutral” rating on the stock in a research report on Wednesday, June 29th. Finally, Societe Generale raised Jupiter Fund Management PLC to a “buy” rating and lowered their target price for the company from GBX 475 ($5.88) to GBX 460 ($5.69) in a research report on Tuesday, July 26th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 424.23 ($5.25).
Shares of Jupiter Fund Management PLC (LON:JUP) opened at 454.00 on Tuesday. The company’s market cap is GBX 2.04 billion. 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 price of GBX 431.19 and a 200-day moving average price of GBX 415.48.
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In related news, insider Carter,Edward Bonham sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of GBX 417 ($5.16), for a total value of £4,170,000 ($5,160,891.09).
Jupiter Fund Management PLC Company Profile
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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