Jupiter Fund Management (LON:JUP) Price Target Raised to GBX 180

Jupiter Fund Management (LON:JUP) had its target price boosted by research analysts at Deutsche Bank Aktiengesellschaft from GBX 175 to GBX 180 in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 13.92% from the company’s previous close.

Jupiter Fund Management Stock Performance

LON JUP traded up GBX 2.20 during trading hours on Wednesday, hitting GBX 158. The company had a trading volume of 2,371,865 shares, compared to its average volume of 4,021,847. Jupiter Fund Management has a 52 week low of GBX 67.90 and a 52 week high of GBX 214.50. The firm has a 50 day simple moving average of GBX 174.69 and a 200 day simple moving average of GBX 165.05. The firm has a market capitalization of £793.13 million, a price-to-earnings ratio of 8.83 and a beta of 1.37.

Jupiter Fund Management (LON:JUP) last issued its earnings results on Thursday, February 26th. The company reported GBX 19.40 EPS for the quarter. Jupiter Fund Management had a return on equity of 11.49% and a net margin of 21.19%. On average, research analysts forecast that Jupiter Fund Management will post 8.5093781 earnings per share for the current year.

Jupiter Fund Management declared that its Board of Directors has approved a stock repurchase program on Wednesday, April 8th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, insider James Macpherson bought 30,000 shares of the business’s stock in a transaction on Friday, February 27th. The stock was acquired at an average price of GBX 194 per share, for a total transaction of £58,200. Also, insider Matthew Beesley sold 308,933 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of GBX 188, for a total value of £580,794.04. Insiders sold a total of 569,285 shares of company stock worth $106,835,239 in the last quarter. 3.97% of the stock is owned by company insiders.

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. Jupiter Fund Management Plc was founded in 1985 and is based in London, United Kingdom.