Jupiter Fund Management Plc (LON:JUP) Receives Consensus Recommendation of "Reduce" from Brokerages

Jupiter Fund Management Plc (LON:JUP - Get Free Report) has earned a consensus rating of "Reduce" from the six brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 85.40 ($1.11).

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 100 ($1.30) price objective on shares of Jupiter Fund Management in a report on Tuesday, September 3rd. Morgan Stanley dropped their price target on shares of Jupiter Fund Management from GBX 92 ($1.19) to GBX 91 ($1.18) and set an "equal weight" rating on the stock in a research report on Thursday, July 18th. Finally, UBS Group raised shares of Jupiter Fund Management to a "neutral" rating in a report on Wednesday, August 14th.

Insider Buying and Selling at Jupiter Fund Management

In related news, insider Wayne Mepham sold 57,059 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of GBX 81 ($1.05), for a total value of £46,217.79 ($59,937.48). Corporate insiders own 25.22% of the company's stock.

Jupiter Fund Management Stock Up 1.6 %

Shares of JUP traded up GBX 1.30 ($0.02) during midday trading on Monday, reaching GBX 81.40 ($1.06). 519,968 shares of the stock were exchanged, compared to its average volume of 1,188,416. The company has a market cap of £418.62 million, a price-to-earnings ratio of -4,075.00 and a beta of 1.42. The firm has a 50 day simple moving average of GBX 85.04 and a 200-day simple moving average of GBX 82.91. Jupiter Fund Management has a 12-month low of GBX 71.10 ($0.92) and a 12-month high of GBX 95 ($1.23). The company has a quick ratio of 1.79, a current ratio of 1.70 and a debt-to-equity ratio of 11.23.

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.