Jupiter Fund Management PLC (JUP) Price Target Raised to GBX 560
Jupiter Fund Management PLC (LON:JUP) had its target price raised by Barclays PLC from GBX 470 ($6.14) to GBX 560 ($7.31) in a research report issued to clients and investors on Thursday. The firm presently has an “equal weight” rating on the stock. Barclays PLC’s target price indicates a potential upside of 3.70% from the company’s previous close.
Other equities research analysts also recently issued reports about the company. UBS AG reaffirmed a “neutral” rating and set a GBX 440 ($5.75) price target on shares of Jupiter Fund Management PLC in a research report on Tuesday, April 4th. J P Morgan Chase & Co increased their price target on Jupiter Fund Management PLC from GBX 450 ($5.88) to GBX 500 ($6.53) and gave the stock a “neutral” rating in a research report on Thursday, April 27th. Jefferies Group LLC increased their price target on Jupiter Fund Management PLC from GBX 535 ($6.99) to GBX 565 ($7.38) and gave the stock a “buy” rating in a research report on Tuesday, July 11th. Peel Hunt reaffirmed an “add” rating and set a GBX 495 ($6.46) price target on shares of Jupiter Fund Management PLC in a research report on Wednesday, April 26th. Finally, HSBC Holdings plc increased their price target on Jupiter Fund Management PLC from GBX 465 ($6.07) to GBX 530 ($6.92) and gave the stock a “buy” rating in a research report on Tuesday, June 13th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 486.69 ($6.36).
Shares of Jupiter Fund Management PLC (LON:JUP) traded up 0.83% during trading on Thursday, hitting GBX 544.50. The stock had a trading volume of 288,057 shares. The firm has a 50 day moving average price of GBX 505.47 and a 200 day moving average price of GBX 456.92. The firm’s market cap is GBX 2.44 billion. Jupiter Fund Management PLC has a 12-month low of GBX 388.90 and a 12-month high of GBX 545.00.
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In related news, insider Maarten Slendebroek sold 43,577 shares of the firm’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of GBX 474 ($6.19), for a total value of £206,554.98 ($269,724.45). Also, insider Edward Bonham Carter sold 667,153 shares of the firm’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of GBX 475 ($6.20), for a total transaction of £3,168,976.75 ($4,138,125.82). Insiders sold a total of 857,790 shares of company stock worth $409,465,513 over the last ninety days.
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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