Jupiter Fund Management (LON:JUP) Price Target Cut to GBX 330

Jupiter Fund Management (LON:JUP) had its price target dropped by equities research analysts at UBS Group from GBX 345 ($4.51) to GBX 330 ($4.31) in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports. The firm presently has a “sell” rating on the stock. UBS Group’s price objective suggests a potential downside of 13.68% from the stock’s previous close.

A number of other research analysts have also recently issued reports on JUP. Shore Capital reiterated a “hold” rating on shares of Greggs in a research report on Tuesday, May 14th. Jefferies Financial Group reiterated a “hold” rating on shares of COMPASS GRP PLC/S in a research report on Tuesday, April 9th. Peel Hunt reiterated a “buy” rating and issued a GBX 1,000 ($13.07) target price on shares of Wandisco in a research report on Wednesday, June 26th. Berenberg Bank set a €54.00 ($62.79) target price on 1&1 Drillisch and gave the company a “buy” rating in a research report on Friday, June 14th. Finally, Numis Securities reiterated a “buy” rating and issued a GBX 1,800 ($23.52) target price on shares of in a research report on Monday, June 3rd. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Jupiter Fund Management currently has a consensus rating of “Hold” and an average target price of GBX 381.73 ($4.99).

Jupiter Fund Management stock opened at GBX 382.30 ($5.00) on Wednesday. Jupiter Fund Management has a 12-month low of GBX 274.10 ($3.58) and a 12-month high of GBX 454.40 ($5.94). The company has a 50-day simple moving average of GBX 393.42. The company has a market capitalization of $1.75 billion and a PE ratio of 12.29.

In other news, insider Roger Yates purchased 25,000 shares of Jupiter Fund Management stock in a transaction dated Wednesday, May 1st. The shares were bought at an average cost of GBX 377 ($4.93) per share, for a total transaction of £94,250 ($123,154.32). Also, insider Andrew Formica purchased 498 shares of Jupiter Fund Management stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average price of GBX 362 ($4.73) per share, for a total transaction of £1,802.76 ($2,355.63). Over the last 90 days, insiders have bought 165,498 shares of company stock worth $59,165,276.

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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Analyst Recommendations for Jupiter Fund Management (LON:JUP)

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