Jupiter Fund Management Plc (LON:JUP) Receives Average Recommendation of “Reduce” from Analysts

Jupiter Fund Management Plc (LON:JUP) has been given an average rating of “Reduce” by the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to 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).

Several research firms have issued reports on JUP. Morgan Stanley reduced their price objective on Jupiter Fund Management from GBX 92 ($1.19) to GBX 91 ($1.18) and set an “equal weight” rating on the stock in a report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 100 ($1.30) price target on shares of Jupiter Fund Management in a research note on Tuesday, September 3rd. Finally, UBS Group upgraded Jupiter Fund Management to a “neutral” rating in a research report on Wednesday, August 14th.

Insider Activity at Jupiter Fund Management

In related news, insider Wayne Mepham sold 57,059 shares of the company’s stock in a transaction 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 ($60,007.52). 25.22% of the stock is owned by insiders.

Jupiter Fund Management Price Performance

JUP opened at GBX 80.42 ($1.04) on Monday. The company has a debt-to-equity ratio of 11.23, a current ratio of 1.70 and a quick ratio of 1.79. The stock has a market capitalization of £413.58 million, a P/E ratio of -4,021.00 and a beta of 1.42. The company’s 50 day simple moving average is GBX 85.04 and its 200-day simple moving average is GBX 82.97. Jupiter Fund Management has a one year low of GBX 71.10 ($0.92) and a one year high of GBX 95 ($1.23).

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.