Jupiter Fund Management (LON:JUP) Price Target Raised to GBX 390

Jupiter Fund Management (LON:JUP) had its target price increased by Berenberg Bank from GBX 360 ($4.70) to GBX 390 ($5.10) in a research report issued to clients and investors on Friday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 2.23% from the company’s current price.

JUP has been the topic of several other reports. JPMorgan Chase & Co. upped their price target on Jupiter Fund Management from GBX 325 ($4.25) to GBX 340 ($4.44) and gave the company a “neutral” rating in a research report on Monday, March 4th. Barclays started coverage on Jupiter Fund Management in a research report on Friday, April 12th. They set an “underweight” rating and a GBX 330 ($4.31) price target on the stock. UBS Group upped their price target on Jupiter Fund Management from GBX 270 ($3.53) to GBX 280 ($3.66) and gave the company a “sell” rating in a research report on Friday, March 8th. Shore Capital reiterated a “buy” rating and set a GBX 350 ($4.57) price target on shares of Jupiter Fund Management in a research report on Tuesday, February 26th. Finally, Peel Hunt reiterated a “hold” rating on shares of Jupiter Fund Management in a research report on Tuesday, February 26th. Five research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 359.33 ($4.70).

Shares of JUP opened at GBX 381.50 ($4.98) on Friday. Jupiter Fund Management has a twelve month low of GBX 274.10 ($3.58) and a twelve month high of GBX 473.40 ($6.19). The stock has a market cap of $1.71 billion and a PE ratio of 12.27.

In related news, insider Andrew Formica purchased 498 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average cost of GBX 362 ($4.73) per share, for a total transaction of £1,802.76 ($2,355.63). Also, insider Roger Yates acquired 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average price of GBX 377 ($4.93) per share, for a total transaction of £94,250 ($123,154.32). Over the last quarter, insiders have bought 165,498 shares of company stock worth $59,165,276.

About Jupiter Fund Management

Jupiter Fund Management Plc is a publicly owned investment manager. The firm manages mutual funds, hedge funds, client focused portfolios, and multi-manager products for its clients. It invests in the public equity markets across U.K., Europe and global emerging markets. The firm also invests in fixed income markets, fund of funds products, hedge funds, and absolute return funds.

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