Jupiter Fund Management Plc (LON:JUP) Receives GBX 85.40 Average Target Price from Brokerages

Shares of Jupiter Fund Management Plc (LON:JUP) have earned a consensus rating of “Reduce” from the six research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 85.40 ($1.14).

Several brokerages have commented on JUP. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 100 ($1.34) price objective on shares of Jupiter Fund Management in a report on Tuesday, September 3rd. UBS Group raised shares of Jupiter Fund Management to a “neutral” rating in a research note on Wednesday, August 14th. Finally, Morgan Stanley cut their price objective on Jupiter Fund Management from GBX 92 ($1.23) to GBX 91 ($1.22) and set an “equal weight” rating on the stock in a research report on Thursday, July 18th.

Jupiter Fund Management Price Performance

Shares of Jupiter Fund Management stock opened at GBX 87.50 ($1.17) on Thursday. The company has a market cap of £450.00 million, a PE ratio of -4,375.00 and a beta of 1.42. The business has a 50 day moving average of GBX 83.84 and a 200 day moving average of GBX 83.26. Jupiter Fund Management has a 52 week low of GBX 71.10 ($0.95) and a 52 week high of GBX 95 ($1.27). The company has a quick ratio of 1.79, a current ratio of 1.70 and a debt-to-equity ratio of 11.23.

Jupiter Fund Management Cuts Dividend

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

Insider Buying and Selling at Jupiter Fund Management

In other news, insider Wayne Mepham sold 57,059 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of GBX 81 ($1.08), for a total value of £46,217.79 ($61,821.55). Insiders own 25.22% of the company’s stock.

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.