Berenberg Bank Raises Jupiter Fund Management PLC (JUP) Price Target to GBX 560
Jupiter Fund Management PLC (LON:JUP) had its target price lifted by Berenberg Bank from GBX 500 ($6.64) to GBX 560 ($7.44) in a report released on Thursday. The firm presently has a “hold” rating on the stock. Berenberg Bank’s target price indicates a potential downside of 4.84% from the stock’s previous close.
Several other equities analysts have also commented on JUP. Macquarie restated a “neutral” rating and set a GBX 521 ($6.92) price target on shares of Jupiter Fund Management PLC in a research report on Wednesday. Shore Capital restated a “hold” rating on shares of Jupiter Fund Management PLC in a research report on Tuesday, August 15th. Numis Securities Ltd restated a “hold” rating and set a GBX 580 ($7.71) price target on shares of Jupiter Fund Management PLC in a research report on Tuesday, October 3rd. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 550 ($7.31) price target on shares of Jupiter Fund Management PLC in a research report on Thursday, September 21st. Finally, Jefferies Group LLC upped their price target on shares of Jupiter Fund Management PLC from GBX 565 ($7.51) to GBX 620 ($8.24) and gave the stock a “buy” rating in a research report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. Jupiter Fund Management PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 542.46 ($7.21).
Jupiter Fund Management PLC (LON JUP) traded up 0.09% during mid-day trading on Thursday, hitting GBX 588.50. 675,705 shares of the stock traded hands. The firm’s market cap is GBX 2.65 billion. The stock has a 50-day moving average of GBX 550.19 and a 200 day moving average of GBX 511.97. Jupiter Fund Management PLC has a 1-year low of GBX 388.90 and a 1-year high of GBX 592.00.
ILLEGAL ACTIVITY WARNING: This news story was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/10/22/berenberg-bank-raises-jupiter-fund-management-plc-jup-price-target-to-gbx-560.html.
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.
Receive News & Ratings for Jupiter Fund Management PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jupiter Fund Management PLC and related companies with MarketBeat.com's FREE daily email newsletter.