Deutsche Bank Aktiengesellschaft Raises Jupiter Fund Management (LON:JUP) Price Target to GBX 190

Jupiter Fund Management (LON:JUP) had its target price lifted by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 180 to GBX 190 in a report released on Tuesday,London Stock Exchange reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 18.17% from the company’s current price.

Jupiter Fund Management Stock Down 0.5%

Shares of Jupiter Fund Management stock opened at GBX 160.78 on Tuesday. The company has a market capitalization of £807.09 million, a price-to-earnings ratio of 8.98 and a beta of 1.30. Jupiter Fund Management has a 12-month low of GBX 90.30 and a 12-month high of GBX 214.50. The firm’s 50-day moving average price is GBX 160.09 and its two-hundred day moving average price is GBX 166.63.

Jupiter Fund Management declared that its board has initiated a stock repurchase program on Wednesday, April 8th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Activity at Jupiter Fund Management

In other Jupiter Fund Management news, insider Wayne Mepham sold 30,123 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of GBX 157, for a total transaction of £47,293.11. Also, insider Matthew Beesley sold 23,463 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of GBX 158, for a total transaction of £37,071.54. 3.97% of the stock is currently owned by company insiders.

About Jupiter Fund Management

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. Jupiter Fund Management Plc was founded in 1985 and is based in London, United Kingdom.