Jupiter Fund Management PLC (LON:JUP) Given Average Recommendation of “Hold” by Analysts
Jupiter Fund Management PLC (LON:JUP) has been assigned an average recommendation of “Hold” from the seventeen brokerages that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 489.27 ($6.39).
JUP has been the topic of a number of analyst reports. Peel Hunt reaffirmed an “add” rating and set a GBX 495 ($6.46) price objective on shares of Jupiter Fund Management PLC in a research report on Wednesday, April 26th. Numis Securities Ltd cut Jupiter Fund Management PLC to an “add” rating and set a GBX 545 ($7.12) price objective on the stock. in a research report on Wednesday, May 3rd. Jefferies Group LLC lowered their price objective on Jupiter Fund Management PLC from GBX 482 ($6.29) to GBX 478 ($6.24) and set a “buy” rating on the stock in a research report on Monday, April 10th. Liberum Capital reaffirmed a “buy” rating and set a GBX 487 ($6.36) price objective on shares of Jupiter Fund Management PLC in a research report on Wednesday, April 26th. Finally, HSBC Holdings plc lifted their price objective on Jupiter Fund Management PLC from GBX 465 ($6.07) to GBX 530 ($6.92) and gave the company a “buy” rating in a research report on Tuesday, June 13th.
In other Jupiter Fund Management PLC news, insider Maarten Slendebroek sold 43,577 shares of Jupiter Fund Management PLC stock in a transaction that occurred on Friday, April 28th. The stock was 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 147,060 shares of Jupiter Fund Management PLC stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of GBX 489 ($6.39), for a total value of £719,123.40 ($939,048.58). Over the last three months, insiders sold 857,790 shares of company stock worth $409,465,513.
Shares of Jupiter Fund Management PLC (LON JUP) traded down 0.55% during midday trading on Friday, hitting GBX 543.50. The stock had a trading volume of 942,328 shares. The stock’s 50 day moving average price is GBX 507.93 and its 200 day moving average price is GBX 458.15. Jupiter Fund Management PLC has a 12 month low of GBX 388.90 and a 12 month high of GBX 548.00. The firm’s market cap is GBX 2.44 billion.
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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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