Jupiter Fund Management Plc (LON:JUP) Receives GBX 85.40 Average PT from Analysts

Shares of Jupiter Fund Management Plc (LON:JUP - Get Free Report) have been given an average rating of "Reduce" by the six research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 85.40 ($1.14).

Several equities analysts have commented on JUP shares. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 100 ($1.34) price objective on shares of Jupiter Fund Management in a research report on Tuesday, September 3rd. Morgan Stanley reduced their price target on shares of Jupiter Fund Management from GBX 92 ($1.23) to GBX 91 ($1.22) and set an "equal weight" rating on the stock in a research note on Thursday, July 18th. Finally, UBS Group raised shares of Jupiter Fund Management to a "neutral" rating in a research report on Wednesday, August 14th.

Insider Activity

In other Jupiter Fund Management news, insider Wayne Mepham sold 57,059 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of GBX 81 ($1.08), for a total value of £46,217.79 ($61,821.55). Company insiders own 26.43% of the company's stock.

Jupiter Fund Management Trading Up 0.1 %

JUP traded up GBX 0.10 ($0.00) during trading on Thursday, reaching GBX 86.20 ($1.15). The company had a trading volume of 855,164 shares, compared to its average volume of 1,181,025. The company has a quick ratio of 1.79, a current ratio of 1.70 and a debt-to-equity ratio of 11.23. Jupiter Fund Management has a 52 week low of GBX 71.10 ($0.95) and a 52 week high of GBX 95.90 ($1.28). The stock has a market cap of £443.31 million, a P/E ratio of -4,310.00 and a beta of 1.42. The business has a 50 day simple moving average of GBX 83.85 and a 200-day simple moving average of GBX 83.30.

Jupiter Fund Management Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 8th were paid a GBX 3.20 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a yield of 3.88%. Jupiter Fund Management's dividend payout ratio (DPR) 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.