Jupiter Fund Management PLC (JUP) Price Target Raised to GBX 475 at BNP Paribas
Jupiter Fund Management PLC (LON:JUP) had its price target upped by research analysts at BNP Paribas from GBX 430 ($5.32) to GBX 475 ($5.88) in a research note issued on Tuesday. The firm currently has a “neutral” rating on the stock. BNP Paribas’ target price suggests a potential upside of 8.32% from the company’s previous close.
A number of other equities analysts have also weighed in on JUP. Barclays PLC lowered shares of Jupiter Fund Management PLC to an “equal weight” rating and reduced their target price for the stock from GBX 500 ($6.19) to GBX 400 ($4.95) in a research note on Thursday, June 30th. Shore Capital reaffirmed a “hold” rating on shares of Jupiter Fund Management PLC in a research note on Wednesday, July 27th. Jefferies Group reduced their target price on shares of Jupiter Fund Management PLC from GBX 472 ($5.84) to GBX 406 ($5.02) and set a “buy” rating for the company in a research note on Thursday, June 30th. Panmure Gordon restated a “sell” rating and set a GBX 345 ($4.27) price objective on shares of Jupiter Fund Management PLC in a research note on Wednesday, July 27th. Finally, Numis Securities Ltd restated a “buy” rating and set a GBX 500 ($6.19) price objective on shares of Jupiter Fund Management PLC in a research note on Tuesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 426.92 ($5.28).
Jupiter Fund Management PLC (LON:JUP) opened at 451.60 on Tuesday. The company’s 50-day moving average price is GBX 431.19 and its 200 day moving average price is GBX 415.48. The company’s market capitalization is GBX 2.03 billion. Jupiter Fund Management PLC has a 52 week low of GBX 324.60 and a 52 week high of GBX 481.30.
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In other Jupiter Fund Management PLC news, insider Carter,Edward Bonham sold 1,000,000 shares of the stock in a transaction dated Thursday, July 28th. The shares were 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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