Jupiter Fund Management (LON:JUP) Rating Reiterated by Numis Securities

Jupiter Fund Management (LON:JUP)‘s stock had its “hold” rating reissued by equities researchers at Numis Securities in a note issued to investors on Tuesday, April 30th, ThisIsMoney.Co.Uk reports.

Several other research analysts have also recently weighed in on the stock. Peel Hunt reissued a “hold” rating on shares of Jupiter Fund Management in a report on Thursday, January 10th. UBS Group raised shares of Jupiter Fund Management to a “neutral” rating and boosted their price objective for the company from GBX 280 ($3.66) to GBX 355 ($4.64) in a report on Friday, March 29th. Jefferies Financial Group decreased their price objective on shares of Jupiter Fund Management from GBX 480 ($6.27) to GBX 369 ($4.82) and set a “hold” rating for the company in a report on Tuesday, April 9th. Shore Capital raised shares of Jupiter Fund Management to a “buy” rating in a report on Thursday, January 10th. Finally, Barclays initiated coverage on shares of Jupiter Fund Management in a report on Friday, April 12th. They set an “underweight” rating and a GBX 330 ($4.31) target price for the company. Five research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Jupiter Fund Management currently has an average rating of “Hold” and an average target price of GBX 356 ($4.65).

LON:JUP traded down GBX 3 ($0.04) during mid-day trading on Tuesday, hitting GBX 364 ($4.76). 611,848 shares of the company’s stock were exchanged, compared to its average volume of 2,620,000. Jupiter Fund Management has a one year low of GBX 274.10 ($3.58) and a one year high of GBX 490.70 ($6.41). The firm has a market capitalization of $1.63 billion and a P/E ratio of 11.70.

In other Jupiter Fund Management news, insider Roger Yates acquired 25,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was acquired at an average price of GBX 377 ($4.93) per share, for a total transaction of £94,250 ($123,154.32). Also, insider Andrew Formica acquired 498 shares of the stock in a transaction on Tuesday, May 7th. The shares were acquired at an average price of GBX 362 ($4.73) per share, with a total value of £1,802.76 ($2,355.63). Over the last three months, insiders bought 333,753 shares of company stock valued at $120,941,036.

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.

Further Reading: Why are analyst ratings important in trading stocks?

Analyst Recommendations for Jupiter Fund Management (LON:JUP)

Receive News & Ratings for Jupiter Fund Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jupiter Fund Management and related companies with MarketBeat.com's FREE daily email newsletter.