Jupiter Fund Management (LON:JUP) Price Target Raised to GBX 200

Jupiter Fund Management (LON:JUP) had its price target increased by analysts at Berenberg Bank from GBX 187 to GBX 200 in a report issued on Friday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 15.21% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on Jupiter Fund Management from GBX 180 to GBX 185 and gave the company a “hold” rating in a report on Friday, September 4th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 192.50.

Jupiter Fund Management Trading Up 1.0%

Shares of LON JUP opened at GBX 173.60 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.58 and a debt-to-equity ratio of 4.75. The business has a fifty day simple moving average of GBX 165.70 and a two-hundred day simple moving average of GBX 164.12. The firm has a market cap of £870.00 million, a PE ratio of 9.38 and a beta of 1.30. Jupiter Fund Management has a twelve month low of GBX 137.20 and a twelve month high of GBX 214.50.

Jupiter Fund Management (LON:JUP) last issued its earnings results on Thursday, July 23rd. The company reported GBX 7.20 earnings per share for the quarter. Jupiter Fund Management had a return on equity of 11.59% and a net margin of 19.32%. Analysts expect that Jupiter Fund Management will post 8.51 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Matthew Beesley sold 447,370 shares of Jupiter Fund Management stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of GBX 173, for a total transaction of £773,950.10. Corporate insiders own 4.20% 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. Jupiter Fund Management Plc was founded in 1985 and is based in London, United Kingdom.