Jupiter Fund Management PLC (JUP) PT Raised to GBX 530
Jupiter Fund Management PLC (LON:JUP) had its price objective upped by equities researchers at HSBC Holdings plc from GBX 465 ($5.88) to GBX 530 ($6.70) in a research report issued on Tuesday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. HSBC Holdings plc’s price objective suggests a potential upside of 5.79% from the stock’s current price.
JUP has been the topic of a number of other research reports. BNP Paribas upgraded shares of Jupiter Fund Management PLC to a “neutral” rating and set a GBX 405 ($5.12) price objective on the stock in a research report on Monday, February 27th. Macquarie reiterated an “underperform” rating and set a GBX 393 ($4.97) price objective on shares of Jupiter Fund Management PLC in a research report on Monday, May 15th. Peel Hunt reissued an “add” rating on shares of Jupiter Fund Management PLC in a research note on Friday, February 24th. J P Morgan Chase & Co boosted their target price on shares of Jupiter Fund Management PLC from GBX 450 ($5.69) to GBX 500 ($6.33) and gave the company a “neutral” rating in a research note on Thursday, April 27th. Finally, Liberum Capital reissued a “buy” rating and set a GBX 487 ($6.16) target price on shares of Jupiter Fund Management PLC in a research note on Friday, February 24th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 461.40 ($5.84).
Shares of Jupiter Fund Management PLC (LON JUP) traded up 2.433039% during midday trading on Tuesday, reaching GBX 496.730103. 2,212,896 shares of the company’s stock traded hands. The company has a 50-day moving average of GBX 489.84 and a 200-day moving average of GBX 444.03. The company’s market capitalization is GBX 2.23 billion. Jupiter Fund Management PLC has a one year low of GBX 324.60 and a one year high of GBX 508.60.
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In other Jupiter Fund Management PLC news, insider Edward Bonham Carter sold 667,153 shares of the stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of GBX 475 ($6.01), for a total transaction of £3,168,976.75 ($4,008,825.74). Also, insider Maarten Slendebroek sold 43,577 shares of the stock in a transaction dated Friday, April 28th. The shares were sold at an average price of GBX 474 ($6.00), for a total transaction of £206,554.98 ($261,296.62). Over the last ninety days, insiders sold 857,790 shares of company stock valued at $409,465,513.
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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