Numis Securities initiated coverage on shares of Jupiter Fund Management (LON:JUP) in a research note issued to investors on Thursday, October 4th. The brokerage issued a hold rating and a GBX 410 ($5.36) price target on the stock.
JUP has been the subject of several other research reports. Shore Capital reaffirmed a hold rating on shares of Jupiter Fund Management in a research report on Friday, July 27th. Credit Suisse Group reaffirmed an underperform rating on shares of Jupiter Fund Management in a research report on Thursday, August 23rd. Peel Hunt reaffirmed a hold rating on shares of Jupiter Fund Management in a research report on Friday, July 27th. Jefferies Financial Group decreased their target price on Jupiter Fund Management from GBX 498 ($6.51) to GBX 480 ($6.27) and set a hold rating for the company in a research report on Monday, July 23rd. Finally, UBS Group decreased their target price on Jupiter Fund Management from GBX 415 ($5.42) to GBX 380 ($4.97) and set a sell rating for the company in a research report on Thursday, August 9th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Jupiter Fund Management currently has an average rating of Hold and a consensus target price of GBX 451.15 ($5.90).
LON:JUP traded up GBX 5.40 ($0.07) during trading hours on Thursday, hitting GBX 334.20 ($4.37). The company had a trading volume of 648,075 shares, compared to its average volume of 2,620,000. Jupiter Fund Management has a 52 week low of GBX 416 ($5.44) and a 52 week high of GBX 638.80 ($8.35).
Jupiter Fund Management (LON:JUP) last released its quarterly earnings results on Friday, July 27th. The company reported GBX 17.10 ($0.22) earnings per share for the quarter, missing the consensus estimate of GBX 17.20 ($0.22) by GBX (0.10) ($0.00). Jupiter Fund Management had a net margin of 34.27% and a return on equity of 25.18%.
About Jupiter Fund Management
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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