Jupiter Fund Management PLC (JUP) Receives Consensus Recommendation of “Hold” from Analysts
Jupiter Fund Management PLC (LON:JUP) has been given a consensus recommendation of “Hold” by the sixteen research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 514.79 ($6.65).
Several equities analysts recently issued reports on JUP shares. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 570 ($7.36) price objective on shares of Jupiter Fund Management PLC in a report on Friday, June 2nd. HSBC Holdings plc lifted their price objective on Jupiter Fund Management PLC from GBX 465 ($6.01) to GBX 530 ($6.84) and gave the company a “buy” rating in a report on Tuesday, June 13th. Liberum Capital boosted their price target on Jupiter Fund Management PLC from GBX 487 ($6.29) to GBX 591 ($7.63) and gave the stock a “buy” rating in a research note on Monday, July 17th. Jefferies Group LLC boosted their price target on Jupiter Fund Management PLC from GBX 535 ($6.91) to GBX 565 ($7.30) and gave the stock a “buy” rating in a research note on Tuesday, July 11th. Finally, Barclays PLC boosted their price target on Jupiter Fund Management PLC from GBX 470 ($6.07) to GBX 560 ($7.23) and gave the stock an “equal weight” rating in a research note on Thursday, July 20th.
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Shares of Jupiter Fund Management PLC (JUP) traded down 0.28% during mid-day trading on Friday, reaching GBX 529.50. The company’s stock had a trading volume of 605,279 shares. The company’s 50-day moving average price is GBX 530.24 and its 200-day moving average price is GBX 484.51. Jupiter Fund Management PLC has a 12-month low of GBX 388.90 and a 12-month high of GBX 565.00. The stock’s market capitalization is GBX 2.38 billion.
Jupiter Fund Management PLC (LON:JUP) last posted its earnings results on Wednesday, July 26th. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. Jupiter Fund Management PLC had a return on equity of 25.18% and a net margin of 34.27%. On average, equities research analysts forecast that Jupiter Fund Management PLC will post $16.99 earnings per share for the current fiscal year.
The firm also recently declared a dividend, which was paid on Wednesday, August 30th. Shareholders of record on Thursday, August 3rd were issued a GBX 6.80 ($0.09) dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a yield of 1.28%.
About Jupiter Fund Management PLC
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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