Jupiter Fund Management PLC (LON:JUP) has been assigned a consensus recommendation of “Hold” from the sixteen ratings firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 508.50 ($6.62).
A number of research analysts have recently weighed in on the stock. Barclays PLC raised their price target on shares of Jupiter Fund Management PLC from GBX 470 ($6.12) to GBX 560 ($7.29) and gave the company an “equal weight” rating in a report on Thursday, July 20th. Numis Securities Ltd restated an “add” rating and set a GBX 570 ($7.42) price target on shares of Jupiter Fund Management PLC in a report on Wednesday, July 26th. Shore Capital restated a “hold” rating on shares of Jupiter Fund Management PLC in a report on Wednesday, July 26th. BNP Paribas restated a “neutral” rating and set a GBX 490 ($6.38) price target on shares of Jupiter Fund Management PLC in a report on Tuesday, July 18th. Finally, Credit Suisse Group raised their price target on shares of Jupiter Fund Management PLC from GBX 375 ($4.88) to GBX 500 ($6.51) and gave the company an “underperform” rating in a report on Thursday, July 27th.
Shares of Jupiter Fund Management PLC (LON JUP) opened at 511.50 on Friday. Jupiter Fund Management PLC has a 12 month low of GBX 388.90 and a 12 month high of GBX 565.00. The stock’s market capitalization is GBX 2.30 billion. The company’s 50-day moving average is GBX 521.04 and its 200-day moving average is GBX 468.39.
The firm also recently announced a dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Thursday, August 3rd will be given a dividend of GBX 6.80 ($0.09) per share. The ex-dividend date is Thursday, August 3rd. This represents a dividend yield of 1.28%.
In other news, insider Edward Bonham Carter sold 147,060 shares of Jupiter Fund Management PLC stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of GBX 489 ($6.37), for a total transaction of £719,123.40 ($936,480.53).
About Jupiter Fund Management PLC
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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