Jupiter Fund Management PLC (JUP) Downgraded to “Underperform” at BNP Paribas

BNP Paribas cut shares of Jupiter Fund Management PLC (LON:JUP) to an underperform rating in a research report report published on Tuesday morning. They currently have GBX 420 ($5.11) target price on the stock, down from their prior target price of GBX 480 ($5.84).

JUP has been the subject of a number of other reports. Peel Hunt reissued a buy rating and set a GBX 495 ($6.02) price target on shares of Jupiter Fund Management PLC in a research report on Thursday, October 13th. Barclays PLC raised shares of Jupiter Fund Management PLC to an overweight rating in a research report on Tuesday, October 11th. Numis Securities Ltd reissued a buy rating and set a GBX 520 ($6.32) price target on shares of Jupiter Fund Management PLC in a research report on Wednesday, October 5th. Credit Suisse Group reissued a neutral rating and set a GBX 474.09 ($5.77) price target on shares of Jupiter Fund Management PLC in a research report on Friday, October 14th. Finally, Macquarie reissued an underperform rating and set a GBX 360 ($4.38) price target on shares of Jupiter Fund Management PLC in a research report on Friday, October 7th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 448.22 ($5.45).

Jupiter Fund Management PLC (LON:JUP) traded down 0.22% on Tuesday, reaching GBX 445.00. 1,743,518 shares of the company’s stock were exchanged. The company’s market cap is GBX 2.00 billion. Jupiter Fund Management PLC has a 52-week low of GBX 324.60 and a 52-week high of GBX 464.70. The firm’s 50 day moving average price is GBX 435.42 and its 200 day moving average price is GBX 423.02.

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In other Jupiter Fund Management PLC news, insider Edward Bonham Carter sold 3,092 shares of Jupiter Fund Management PLC stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of GBX 429 ($5.22), for a total transaction of £13,264.68 ($16,131.19).

Jupiter Fund Management PLC Company Profile

Jupiter Fund Management plc (Jupiter) is a United Kingdom-based fund manager. The principal activity of the Company is to act as a holding company for a group of investment management companies. The Company operates through investment management business segment. The Company focuses primarily on managing equity investments on behalf of retail, institutional and private client investors across a range of products, including United Kingdom and offshore mutual funds, segregated mandates and investment trusts.

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