Macquarie Reaffirms Underperform Rating for Jupiter Fund Management PLC (JUP)
Jupiter Fund Management PLC (LON:JUP)‘s stock had its “underperform” rating restated by equities research analysts at Macquarie in a research report issued on Monday. They currently have a GBX 393 ($5.07) target price on the stock. Macquarie’s price objective would indicate a potential downside of 18.35% from the stock’s previous close.
A number of other analysts also recently weighed in on JUP. BNP Paribas downgraded shares of Jupiter Fund Management PLC to an “underperform” rating and reduced their price target for the company from GBX 480 ($6.20) to GBX 420 ($5.42) in a report on Tuesday, January 10th. Liberum Capital reissued a “buy” rating and issued a GBX 487 ($6.29) price target on shares of Jupiter Fund Management PLC in a report on Thursday, January 12th. Shore Capital reissued a “hold” rating on shares of Jupiter Fund Management PLC in a report on Thursday, January 12th. Numis Securities Ltd reissued an “add” rating and issued a GBX 533 ($6.88) price target on shares of Jupiter Fund Management PLC in a report on Thursday, January 12th. Finally, Barclays PLC downgraded shares of Jupiter Fund Management PLC to an “equal weight” rating and reduced their price target for the company from GBX 540 ($6.97) to GBX 425 ($5.49) in a report on Monday, January 23rd. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 453.64 ($5.86).
Shares of Jupiter Fund Management PLC (LON:JUP) opened at 484.31 on Monday. Jupiter Fund Management PLC has a 52 week low of GBX 324.60 and a 52 week high of GBX 487.50. The stock has a 50 day moving average of GBX 445.49 and a 200-day moving average of GBX 432.55.
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In related news, insider Edward Bonham Carter sold 46,909 shares of Jupiter Fund Management PLC stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of GBX 420 ($5.42), for a total transaction of £197,017.80 ($254,380.63). Also, insider Jonathon Bond purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 24th. The shares were purchased at an average cost of GBX 419 ($5.41) per share, with a total value of £41,900 ($54,099.42). Insiders have sold a total of 757,639 shares of company stock valued at $357,254,953 over the last three months.
Jupiter Fund Management PLC Company Profile
Jupiter Fund Management plc is a fund manager. The principal activity of the Company is to act as a holding company for a group of investment management companies. The Company focuses primarily on managing equity investments on behalf of retail, institutional and private client investors across a range of products, including the United Kingdom and offshore mutual funds, segregated mandates and investment trusts.
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