Jupiter Fund Management (JUP) Stock Rating Reaffirmed by Numis Securities

Numis Securities reiterated their hold rating on shares of Jupiter Fund Management (LON:JUP) in a research report released on Tuesday, ThisIsMoney.Co.Uk reports.

JUP has been the subject of several other reports. Peel Hunt reiterated a hold rating on shares of Jupiter Fund Management in a research report on Tuesday, January 22nd. UBS Group boosted their price objective on Jupiter Fund Management from GBX 280 ($3.66) to GBX 300 ($3.92) and gave the company a sell rating in a research report on Thursday, March 28th. Jefferies Financial Group reduced their price target 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 report on Tuesday, April 9th. Berenberg Bank upped their price target on Jupiter Fund Management from GBX 357 ($4.66) to GBX 360 ($4.70) and gave the stock a hold rating in a research report on Tuesday, April 30th. Finally, Shore Capital reaffirmed a buy rating and set a GBX 350 ($4.57) price target on shares of Jupiter Fund Management in a research report on Tuesday, February 26th. Five investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 356 ($4.65).

Shares of JUP opened at GBX 364 ($4.76) on Tuesday. Jupiter Fund Management has a 52-week low of GBX 274.10 ($3.58) and a 52-week high of GBX 490.70 ($6.41). The company has a market capitalization of $1.63 billion and a P/E ratio of 11.70.

In other news, insider Edward Bonham Carter sold 32,490 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of GBX 364 ($4.76), for a total transaction of £118,263.60 ($154,532.34). Also, insider Andrew Formica bought 150,000 shares of Jupiter Fund Management stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of GBX 369 ($4.82) per share, for a total transaction of £553,500 ($723,245.79). Insiders have acquired a total of 333,753 shares of company stock worth $120,941,036 in 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.

Further Reading: Can systematic risk be avoided?

Analyst Recommendations for Jupiter Fund Management (LON:JUP)

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