Societe Generale Downgrades Jupiter Fund Management PLC (JUP) to Hold
Jupiter Fund Management PLC (LON:JUP) was downgraded by investment analysts at Societe Generale to a “hold” rating in a research note issued to investors on Monday. They presently have a GBX 490 ($5.97) price objective on the stock, up from their prior price objective of GBX 450 ($5.48). Societe Generale’s target price points to a potential upside of 10.73% from the company’s previous close.
Other research analysts also recently issued reports about the company. Liberum Capital reissued a “buy” rating and issued a GBX 354 ($4.31) price target on shares of Jupiter Fund Management PLC in a report on Wednesday, July 27th. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 420 ($5.12) target price on shares of Jupiter Fund Management PLC in a research note on Thursday, July 28th. Panmure Gordon reaffirmed a “sell” rating and set a GBX 345 ($4.20) target price on shares of Jupiter Fund Management PLC in a research note on Wednesday, July 27th. Macquarie downgraded Jupiter Fund Management PLC to an “underperform” rating and reduced their target price for the stock from GBX 380 ($4.63) to GBX 360 ($4.39) in a research note on Monday. Finally, Royal Bank Of Canada upped their target price on Jupiter Fund Management PLC from GBX 435 ($5.30) to GBX 450 ($5.48) and gave the stock an “outperform” rating in a research note on Thursday, July 28th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 447.86 ($5.46).
Jupiter Fund Management PLC (LON:JUP) traded up 0.79% on Monday, reaching GBX 446.00. 488,866 shares of the company’s stock traded hands. The stock’s market capitalization is GBX 2.01 billion. The firm has a 50-day moving average price of GBX 434.76 and a 200-day moving average price of GBX 416.78. 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 news, insider Carter,Edward Bonham sold 1,000,000 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of GBX 417 ($5.08), for a total transaction of £4,170,000 ($5,082,266.91).
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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