Numis Securities Ltd Raises Jupiter Fund Management PLC (JUP) Price Target to GBX 545
Jupiter Fund Management PLC (LON:JUP) had its price objective boosted by equities research analysts at Numis Securities Ltd from GBX 520 ($6.44) to GBX 545 ($6.75) in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the stock. Numis Securities Ltd’s price target indicates a potential upside of 21.65% from the stock’s current price.
JUP has been the topic of a number of other research reports. Jefferies Group cut their price target on shares of Jupiter Fund Management PLC from GBX 472 ($5.84) to GBX 406 ($5.02) and set a “buy” rating on the stock in a report on Thursday, June 30th. Peel Hunt reiterated a “buy” rating and set a GBX 495 ($6.13) price target on shares of Jupiter Fund Management PLC in a report on Wednesday, July 20th. Credit Suisse Group AG reiterated a “neutral” rating and set a GBX 385 ($4.76) price target on shares of Jupiter Fund Management PLC in a report on Tuesday, July 12th. Barclays PLC increased their price target on shares of Jupiter Fund Management PLC from GBX 400 ($4.95) to GBX 420 ($5.20) and gave the company an “equal weight” rating in a report on Thursday, July 21st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of 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. Three analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 428.85 ($5.31).
Jupiter Fund Management PLC (LON:JUP) opened at 448.90 on Thursday. The company’s market cap is GBX 2.02 billion. Jupiter Fund Management PLC has a 52-week low of GBX 324.60 and a 52-week high of GBX 481.30. The firm’s 50 day moving average is GBX 432.95 and its 200 day moving average is GBX 416.02.
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/2016/10/13/numis-securities-ltd-raises-jupiter-fund-management-plc-jup-price-target-to-gbx-545.html
In related news, insider Carter,Edward Bonham sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of GBX 417 ($5.16), for a total transaction of £4,170,000 ($5,160,891.09).
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.