UBS Group Cuts Jupiter Fund Management (LON:JUP) Price Target to GBX 310

Jupiter Fund Management (LON:JUP) had its price target cut by UBS Group from GBX 330 ($4.31) to GBX 310 ($4.05) in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports. They currently have a sell rating on the stock.

A number of other equities analysts also recently issued reports on JUP. Barclays dropped their price target on Jupiter Fund Management from GBX 350 ($4.57) to GBX 330 ($4.31) and set an underweight rating on the stock in a research report on Monday, July 8th. Peel Hunt increased their price target on Jupiter Fund Management from GBX 375 ($4.90) to GBX 480 ($6.27) and gave the stock a buy rating in a research report on Wednesday, June 26th. Numis Securities reissued a hold rating and set a GBX 390 ($5.10) price target on shares of Jupiter Fund Management in a research report on Monday, June 3rd. Peel Hunt reissued a buy rating on shares of Jupiter Fund Management in a research report on Monday, July 29th. Finally, Bank of America downgraded Jupiter Fund Management to an underperform rating in a research report on Wednesday, May 15th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Jupiter Fund Management currently has an average rating of Hold and a consensus target price of GBX 376.90 ($4.92).

Jupiter Fund Management stock opened at GBX 333.60 ($4.36) on Tuesday. Jupiter Fund Management has a 12-month low of GBX 274.10 ($3.58) and a 12-month high of GBX 435 ($5.68). The firm’s fifty day moving average is GBX 377.93 and its 200 day moving average is GBX 367.05. The company has a market capitalization of $1.53 billion and a PE ratio of 11.50.

The business also recently disclosed a dividend, which will be paid on Wednesday, August 28th. Investors of record on Thursday, August 8th will be paid a dividend of GBX 7.90 ($0.10) per share. This represents a dividend yield of 2.07%. The ex-dividend date is Thursday, August 8th. Jupiter Fund Management’s dividend payout ratio (DPR) is currently 0.59%.

In related news, insider Edward Bonham Carter sold 23,506 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of GBX 416 ($5.44), for a total transaction of £97,784.96 ($127,773.37).

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.

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