J P Morgan Chase & Co Boosts Jupiter Fund Management (JUP) Price Target to GBX 600
Jupiter Fund Management (LON:JUP) had its target price boosted by equities researchers at J P Morgan Chase & Co from GBX 565 ($7.60) to GBX 600 ($8.08) in a note issued to investors on Wednesday. The brokerage presently has a “neutral” rating on the stock. J P Morgan Chase & Co’s target price points to a potential downside of 2.34% from the stock’s previous close.
A number of other brokerages have also weighed in on JUP. Numis Securities reaffirmed a “hold” rating and set a GBX 580 ($7.81) target price on shares of Jupiter Fund Management in a research note on Friday, September 1st. Berenberg Bank lifted their target price on shares of Jupiter Fund Management from GBX 500 ($6.73) to GBX 560 ($7.54) and gave the company a “hold” rating in a research note on Thursday, October 19th. Shore Capital reaffirmed a “hold” rating on shares of Jupiter Fund Management in a research note on Tuesday, August 15th. Liberum Capital reaffirmed a “buy” rating and set a GBX 664 ($8.94) target price on shares of Jupiter Fund Management in a research note on Friday, December 8th. Finally, Jefferies Group lifted their target price on shares of Jupiter Fund Management from GBX 565 ($7.60) to GBX 620 ($8.34) and gave the company a “buy” rating in a research note on Thursday, October 12th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. Jupiter Fund Management has an average rating of “Hold” and an average target price of GBX 555.71 ($7.48).
Shares of Jupiter Fund Management (JUP) traded down GBX 1.65 ($0.02) on Wednesday, hitting GBX 614.35 ($8.27). 1,440,000 shares of the stock were exchanged, compared to its average volume of 1,050,000. Jupiter Fund Management has a 52-week low of GBX 388.90 ($5.23) and a 52-week high of GBX 625 ($8.41).
Jupiter Fund Management 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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