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

Shares of Jupiter Fund Management Plc (LON:JUP) have received an average rating of “Reduce” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 85.40 ($1.12).

A number of brokerages have commented on JUP. Deutsche Bank Aktiengesellschaft restated 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. Morgan Stanley decreased 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 for the company in a report on Thursday, July 18th. Finally, UBS Group upgraded shares of Jupiter Fund Management to a “neutral” rating in a research note on Wednesday, August 14th.

Insider Activity at Jupiter Fund Management

In other news, insider Wayne Mepham sold 57,059 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of GBX 81 ($1.06), for a total transaction of £46,217.79 ($60,486.57). 25.22% of the stock is currently owned by company insiders.

Jupiter Fund Management Stock Performance

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

Jupiter Fund Management Cuts Dividend

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