Brokerages Set Jupiter Fund Management Plc (LON:JUP) Target Price at GBX 85.40

Jupiter Fund Management Plc (LON:JUP) has been assigned an average recommendation of “Reduce” from the six research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 85.40 ($1.12).

Several equities analysts have recently issued reports on JUP shares. UBS Group raised shares of Jupiter Fund Management to a “neutral” rating in a report on Wednesday, August 14th. Morgan Stanley dropped their price target on shares of Jupiter Fund Management from GBX 92 ($1.20) to GBX 91 ($1.19) and set an “equal weight” rating on the stock in a research note on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 100 ($1.31) price objective on shares of Jupiter Fund Management in a research report on Tuesday, September 3rd.

Insider Activity at Jupiter Fund Management

In other Jupiter Fund Management news, insider Wayne Mepham sold 57,059 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of GBX 81 ($1.06), for a total transaction of £46,217.79 ($60,486.57). Company insiders own 25.22% of the company’s stock.

Jupiter Fund Management Trading Up 0.1 %

Shares of LON JUP opened at GBX 87.45 ($1.14) on Thursday. The company has a market cap of £449.74 million, a price-to-earnings ratio of -4,370.00 and a beta of 1.42. The stock’s 50 day simple moving average is GBX 83.84 and its 200 day simple moving average is GBX 83.23. The company has a current ratio of 1.70, a quick ratio of 1.79 and a debt-to-equity ratio of 11.23. Jupiter Fund Management has a 12-month low of GBX 71.10 ($0.93) and a 12-month high of GBX 95 ($1.24).

Jupiter Fund Management Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 8th were issued a GBX 3.20 ($0.04) dividend. This represents a dividend yield of 3.88%. The ex-dividend date was Thursday, August 8th. Jupiter Fund Management’s dividend payout ratio (DPR) is presently -35,000.00%.

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.