Jupiter Fund Management PLC (JUP) Lowered to Hold at Societe Generale
Jupiter Fund Management PLC (LON:JUP) was downgraded by analysts at Societe Generale to a ” hold” rating in a research note issued to investors on Monday. They presently have a GBX 490 ($6.06) price target on the stock, up from their previous price target of GBX 460 ($5.69). Societe Generale’s price target suggests a potential upside of 10.58% from the stock’s previous close.
A number of other analysts have also weighed in on the company. Macquarie lowered Jupiter Fund Management PLC to an “underperform” rating and reduced their target price for the stock from GBX 380 ($4.70) to GBX 360 ($4.46) in a research note on Monday. Credit Suisse Group AG reiterated a “neutral” rating and issued a GBX 474.09 ($5.87) target price on shares of Jupiter Fund Management PLC in a research note on Friday. JPMorgan Chase & Co. increased their target price on Jupiter Fund Management PLC from GBX 465 ($5.75) to GBX 495 ($6.13) and gave the stock a “neutral” rating in a research note on Friday. Liberum Capital increased their target price on Jupiter Fund Management PLC from GBX 435 ($5.38) to GBX 487 ($6.03) and gave the stock a “buy” rating in a research note on Friday. Finally, Shore Capital reiterated a “hold” rating and issued a GBX 448 ($5.54) target price on shares of Jupiter Fund Management PLC in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 447.86 ($5.54).
Jupiter Fund Management PLC (LON:JUP) opened at 440.55 on Monday. The firm has a 50-day moving average price of GBX 433.69 and a 200-day moving average price of GBX 416.41. The stock’s market cap is GBX 1.98 billion. Jupiter Fund Management PLC has a 12 month low of GBX 324.60 and a 12 month 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 firm’s stock in a transaction dated 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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