Jupiter Fund Management (LON:JUP) had its price target cut by equities researchers at Barclays from GBX 600 ($8.29) to GBX 545 ($7.53) in a report released on Thursday. The brokerage presently has an “equal weight” rating on the stock. Barclays’ price target suggests a potential upside of 11.73% from the stock’s previous close.
Several other analysts have also recently weighed in on the stock. UBS Group cut shares of Jupiter Fund Management to a “sell” rating and decreased their price objective for the stock from GBX 545 ($7.53) to GBX 450 ($6.22) in a research note on Monday, February 26th. Peel Hunt cut shares of Jupiter Fund Management to a “hold” rating and set a GBX 600 ($8.29) price objective on the stock. in a research note on Thursday, January 11th. JPMorgan Chase & Co. upped their price objective on shares of Jupiter Fund Management from GBX 565 ($7.81) to GBX 600 ($8.29) and gave the stock a “neutral” rating in a research note on Wednesday, December 13th. Shore Capital reaffirmed a “hold” rating on shares of Jupiter Fund Management in a research note on Thursday, January 11th. Finally, Citigroup reaffirmed a “sell” rating and set a GBX 500 ($6.91) price objective on shares of Jupiter Fund Management in a research note on Thursday, February 22nd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 551 ($7.61).
Shares of Jupiter Fund Management (LON:JUP) opened at GBX 487.80 ($6.74) on Thursday. The firm has a market cap of $2,240.00 and a PE ratio of 1,434.71. Jupiter Fund Management has a 52 week low of GBX 409.30 ($5.65) and a 52 week high of GBX 638.80 ($8.83).
Jupiter Fund Management (LON:JUP) last issued its quarterly earnings data on Tuesday, February 27th. The company reported GBX 34.20 ($0.47) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 34.90 ($0.48) by GBX (0.70) (($0.01)). The firm had revenue of £460.20 million for the quarter. Jupiter Fund Management had a return on equity of 25.18% and a net margin of 34.27%.
In other news, insider Charlotte Jones sold 22,659 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of GBX 513 ($7.09), for a total transaction of £116,240.67 ($160,597.78).
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About Jupiter Fund Management
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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