Jupiter Fund Management (JUP) Price Target Cut to GBX 550

Jupiter Fund Management (LON:JUP) had its price objective cut by stock analysts at JPMorgan Chase & Co. from GBX 600 ($8.29) to GBX 550 ($7.60) in a research report issued on Wednesday, February 28th. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 12.75% from the stock’s previous close.

A number of other research firms also recently commented on JUP. Numis Securities increased their price objective on shares of Jupiter Fund Management from GBX 580 ($8.01) to GBX 590 ($8.15) and gave the stock a “hold” rating in a research note on Thursday, November 2nd. HSBC cut shares of Jupiter Fund Management to a “hold” rating and increased their price target for the company from GBX 575 ($7.94) to GBX 610 ($8.43) in a report on Thursday, November 23rd. Liberum Capital reaffirmed a “buy” rating and set a GBX 664 ($9.17) target price on shares of Jupiter Fund Management in a report on Friday, December 8th. Peel Hunt lowered shares of Jupiter Fund Management to a “hold” rating and set a GBX 600 ($8.29) price target on the stock. in a research report on Thursday, January 11th. Finally, Shore Capital restated a “hold” rating on shares of Jupiter Fund Management in a research report on Thursday, January 11th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. Jupiter Fund Management has an average rating of “Hold” and a consensus price target of GBX 554.67 ($7.66).

Jupiter Fund Management (LON JUP) traded up GBX 1.80 ($0.02) during mid-day trading on Wednesday, reaching GBX 487.80 ($6.74). 1,851,084 shares of the company traded hands, compared to its average volume of 2,600,000. The company has a market cap of $2,240.00 and a PE ratio of 1,434.71. Jupiter Fund Management has a 1 year low of GBX 409.30 ($5.65) and a 1 year high of GBX 638.80 ($8.83).

Jupiter Fund Management (LON:JUP) last released its quarterly earnings data on Tuesday, February 27th. The company reported GBX 34.20 ($0.47) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 34.90 ($0.48) by GBX (0.70) (($0.01)). The firm had revenue of £460.20 million during the quarter. Jupiter Fund Management had a net margin of 34.27% and a return on equity of 25.18%.

In other news, insider Charlotte Jones sold 22,659 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of GBX 513 ($7.09), for a total value of £116,240.67 ($160,597.78).

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Jupiter Fund Management Company Profile

Jupiter Fund Management plc is a fund manager. The principal activity of the Company is to act as a holding company for a group of investment management companies. The Company focuses primarily on managing equity investments on behalf of retail, institutional and private client investors across a range of products, including the United Kingdom and offshore mutual funds, segregated mandates and investment trusts.

Analyst Recommendations for Jupiter Fund Management (LON:JUP)

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