Jupiter Fund Management (LON:JUP) had its target price decreased by UBS Group from GBX 330 ($4.31) to GBX 310 ($4.05) in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports. UBS Group currently has a sell rating on the stock.
JUP has been the topic of several other reports. Barclays dropped their price objective on Jupiter Fund Management from GBX 350 ($4.57) to GBX 330 ($4.31) and set an underweight rating on the stock in a report on Monday, July 8th. Peel Hunt reissued a buy rating on shares of Jupiter Fund Management in a report on Monday, July 29th. Numis Securities reissued a hold rating and issued a GBX 390 ($5.10) price objective on shares of Jupiter Fund Management in a report on Monday, June 3rd. Berenberg Bank raised their price objective on Jupiter Fund Management from GBX 360 ($4.70) to GBX 390 ($5.10) and gave the company a hold rating in a report on Friday, June 14th. Finally, Peel Hunt raised their price objective on Jupiter Fund Management from GBX 375 ($4.90) to GBX 480 ($6.27) and gave the company a buy rating in a report on Wednesday, June 26th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Jupiter Fund Management has a consensus rating of Hold and a consensus price target of GBX 376.90 ($4.92).
Jupiter Fund Management stock opened at GBX 333.60 ($4.36) on Tuesday. The firm has a market cap of $1.53 billion and a price-to-earnings ratio of 11.50. Jupiter Fund Management has a 52 week low of GBX 274.10 ($3.58) and a 52 week high of GBX 435 ($5.68). The business’s 50-day moving average price is GBX 377.93 and its 200 day moving average price is GBX 367.05.
The firm also recently announced a dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Thursday, August 8th will be given a GBX 7.90 ($0.10) dividend. The ex-dividend date is Thursday, August 8th. This represents a yield of 2.07%. Jupiter Fund Management’s dividend payout ratio is currently 0.59%.
In other Jupiter Fund Management news, insider Edward Bonham Carter sold 23,506 shares of Jupiter Fund Management stock in a transaction on Thursday, June 20th. The stock was sold at an average price of GBX 416 ($5.44), for a total value of £97,784.96 ($127,773.37).
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.
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