Jupiter Fund Management (LON:JUP) had its target price lifted by Berenberg Bank from GBX 360 ($4.70) to GBX 390 ($5.10) in a research report sent to investors on Friday, ThisIsMoney.Co.Uk reports. Berenberg Bank currently has a hold rating on the stock.
Other research analysts have also issued reports about the company. Shore Capital reiterated a buy rating and set a GBX 350 ($4.57) price objective on shares of Jupiter Fund Management in a research note on Tuesday, February 26th. Numis Securities reiterated a hold rating on shares of Jupiter Fund Management in a research note on Tuesday, April 30th. Peel Hunt reiterated a hold rating on shares of Jupiter Fund Management in a research note on Tuesday, April 30th. Jefferies Financial Group dropped their price objective on Jupiter Fund Management from GBX 480 ($6.27) to GBX 369 ($4.82) and set a hold rating for the company in a research note on Tuesday, April 9th. Finally, JPMorgan Chase & Co. increased their price objective on Jupiter Fund Management from GBX 325 ($4.25) to GBX 340 ($4.44) and gave the stock a neutral rating in a research note on Monday, March 4th. Five analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Jupiter Fund Management has a consensus rating of Hold and an average target price of GBX 359.33 ($4.70).
Shares of JUP stock opened at GBX 386.10 ($5.05) on Friday. Jupiter Fund Management has a one year low of GBX 274.10 ($3.58) and a one year high of GBX 470 ($6.14). The firm has a market capitalization of $1.71 billion and a P/E ratio of 12.41.
In other Jupiter Fund Management news, insider Roger Yates bought 25,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was bought at an average cost of GBX 377 ($4.93) per share, for a total transaction of £94,250 ($123,154.32). Also, insider Andrew Formica bought 498 shares of the stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average price of GBX 362 ($4.73) per share, with a total value of £1,802.76 ($2,355.63). Insiders have acquired 165,498 shares of company stock valued at $59,165,276 over the last quarter.
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.
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