Jefferies Financial Group downgraded shares of Jupiter Fund Management (LON:JUP) to an underperform rating in a research note issued to investors on Monday morning, ThisIsMoney.Co.Uk reports.
A number of other research analysts have also issued reports on the stock. UBS Group decreased their target price on shares of Jupiter Fund Management from GBX 330 ($4.31) to GBX 310 ($4.05) and set a sell rating on the stock in a research report on Tuesday, August 13th. Barclays cut their price target on shares of Jupiter Fund Management from GBX 350 ($4.57) to GBX 330 ($4.31) and set an underweight rating for the company in a report on Monday, July 8th. Numis Securities reaffirmed a hold rating and set a GBX 390 ($5.10) price target on shares of Jupiter Fund Management in a report on Monday, June 3rd. Berenberg Bank upped their price target on shares of Jupiter Fund Management from GBX 360 ($4.70) to GBX 390 ($5.10) and gave the stock a hold rating in a report on Friday, June 14th. Finally, Peel Hunt reaffirmed a buy rating on shares of Jupiter Fund Management in a report on Monday, July 29th. Five investment 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. The stock has an average rating of Hold and a consensus target price of GBX 376.90 ($4.92).
Shares of LON:JUP opened at GBX 364.10 ($4.76) on Monday. The company’s 50 day moving average price is GBX 348.93 and its two-hundred day moving average price is GBX 369.97. Jupiter Fund Management has a 12-month low of GBX 274.10 ($3.58) and a 12-month high of GBX 435 ($5.68). The firm has a market cap of $1.65 billion and a PE ratio of 12.56.
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.
Featured Story: What does the Dow Jones Industrial Average (DJIA) measure?
Receive News & Ratings for Jupiter Fund Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jupiter Fund Management and related companies with MarketBeat.com's FREE daily email newsletter.