Jupiter Fund Management (LON:JUP) Lowered to “Underweight” at Barclays

Barclays cut shares of Jupiter Fund Management (LON:JUP) to an underweight rating in a report released on Thursday morning, MarketBeat reports. Barclays currently has GBX 85 ($1.08) target price on the stock.

Separately, BNP Paribas raised Jupiter Fund Management to a neutral rating and set a GBX 81 ($1.03) price target on the stock in a research note on Monday, February 12th.

Jupiter Fund Management Stock Up 1.5 %

Shares of LON JUP opened at GBX 89 ($1.13) on Thursday. The company has a debt-to-equity ratio of 11.88, a quick ratio of 1.79 and a current ratio of 2.09. Jupiter Fund Management has a 52 week low of GBX 71.10 ($0.90) and a 52 week high of GBX 138 ($1.75). The stock has a market capitalization of £454.86 million, a P/E ratio of -2,923.33 and a beta of 1.39. The stock’s fifty day moving average is GBX 86.42 and its 200 day moving average is GBX 84.89.

Jupiter Fund Management Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, May 20th. Stockholders of record on Thursday, April 18th will be issued a dividend of GBX 3.40 ($0.04) per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a dividend yield of 4.15%. Jupiter Fund Management’s dividend payout ratio is -23,333.33%.

Jupiter Fund Management Company Profile

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.