A number of other brokerages have also commented on JUP. Barclays PLC increased their price target on Jupiter Fund Management PLC from GBX 470 ($6.10) to GBX 560 ($7.27) and gave the company an equal weight rating in a research note on Thursday, July 20th. Numis Securities Ltd reissued an add rating and set a GBX 570 ($7.40) price target on shares of Jupiter Fund Management PLC in a research note on Wednesday, July 26th. BNP Paribas reissued a neutral rating and set a GBX 490 ($6.36) price target on shares of Jupiter Fund Management PLC in a research note on Tuesday, July 18th. Credit Suisse Group increased their price target on Jupiter Fund Management PLC from GBX 375 ($4.87) to GBX 500 ($6.49) and gave the company an underperform rating in a research note on Thursday, July 27th. Finally, Liberum Capital increased their price target on Jupiter Fund Management PLC from GBX 487 ($6.32) to GBX 591 ($7.67) and gave the company a buy rating in a research note on Monday, July 17th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 504.47 ($6.55).
Shares of Jupiter Fund Management PLC (LON:JUP) opened at 521.50 on Tuesday. The company’s market cap is GBX 2.35 billion. The stock’s 50 day moving average price is GBX 524.02 and its 200-day moving average price is GBX 473.05. Jupiter Fund Management PLC has a 12 month low of GBX 388.90 and a 12 month high of GBX 565.00.
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The firm also recently declared a dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Thursday, August 3rd will be issued a GBX 6.80 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a dividend yield of 1.28%.
In other news, insider Edward Bonham Carter sold 147,060 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of GBX 489 ($6.35), for a total value of £719,123.40 ($933,562.77).
Jupiter Fund Management PLC Company Profile
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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