Jefferies Financial Group cut shares of Jupiter Fund Management (LON:JUP) to an underperform rating in a report issued on Monday morning, ThisIsMoney.Co.Uk reports.
Several other brokerages have also recently weighed in on JUP. Berenberg Bank increased their price target on Jupiter Fund Management from GBX 360 ($4.70) to GBX 390 ($5.10) and gave the company a hold rating in a research note on Friday, June 14th. UBS Group decreased their price target on Jupiter Fund Management from GBX 330 ($4.31) to GBX 310 ($4.05) and set a sell rating for the company in a research note on Tuesday, August 13th. Shore Capital reissued a hold rating on shares of Jupiter Fund Management in a research note on Tuesday, July 30th. Peel Hunt reissued a buy rating on shares of Jupiter Fund Management in a research note on Monday, July 29th. Finally, Peel Hunt increased their price target on Jupiter Fund Management from GBX 375 ($4.90) to GBX 480 ($6.27) and gave the company a buy rating in a research note on Wednesday, June 26th. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of GBX 376.90 ($4.92).
Shares of JUP stock opened at GBX 359.90 ($4.70) on Monday. The stock has a market cap of $1.65 billion and a price-to-earnings ratio of 12.41. The stock has a 50-day moving average of GBX 349.28 and a 200-day moving average of GBX 369.97. Jupiter Fund Management has a 1-year low of GBX 274.10 ($3.58) and a 1-year high of GBX 435 ($5.68).
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.
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