Peel Hunt Reiterates “Buy” Rating for Jupiter Fund Management PLC (JUP)
Jupiter Fund Management PLC (LON:JUP)‘s stock had its “buy” rating reissued by Peel Hunt in a report released on Thursday.
Several other research analysts also recently weighed in on the stock. BNP Paribas upped their target price on shares of Jupiter Fund Management PLC from GBX 430 ($5.32) to GBX 475 ($5.88) and gave the company a “neutral” rating in a research note on Tuesday. Barclays PLC upgraded shares of Jupiter Fund Management PLC to an “overweight” rating in a research note on Tuesday. Macquarie restated an “underperform” rating and issued a GBX 360 ($4.46) target price on shares of Jupiter Fund Management PLC in a research note on Friday, October 7th. Numis Securities Ltd restated a “buy” rating and issued a GBX 520 ($6.44) target price on shares of Jupiter Fund Management PLC in a research note on Wednesday, October 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of Jupiter Fund Management PLC from GBX 430 ($5.32) to GBX 465 ($5.75) and gave the company a “neutral” rating in a research note on Tuesday, September 13th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 426.92 ($5.28).
Shares of Jupiter Fund Management PLC (LON:JUP) opened at 445.00 on Thursday. The firm’s market capitalization is GBX 2.00 billion. The company’s 50-day moving average is GBX 432.95 and its 200 day moving average is GBX 416.02. 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 related 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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