JPMorgan Chase & Co. Trims Jupiter Fund Management (LON:JUP) Target Price to GBX 360

Jupiter Fund Management (LON:JUP) had its target price lowered by JPMorgan Chase & Co. from GBX 390 ($5.10) to GBX 360 ($4.70) in a research report released on Wednesday, Digital Look reports. The firm currently has a neutral rating on the stock.

Other research analysts also recently issued reports about the stock. Peel Hunt increased their price objective on shares of Jupiter Fund Management from GBX 375 ($4.90) to GBX 480 ($6.27) and gave the company a buy rating in a research note on Wednesday, June 26th. Credit Suisse Group initiated coverage on shares of Jupiter Fund Management in a research note on Tuesday, October 1st. They set an underperform rating and a GBX 320 ($4.18) price objective on the stock. Peel Hunt reiterated a buy rating on shares of Jupiter Fund Management in a research note on Monday, July 29th. Shore Capital reiterated a hold rating on shares of Jupiter Fund Management in a research note on Tuesday, July 30th. Finally, Berenberg Bank raised their price target on shares of Jupiter Fund Management from GBX 360 ($4.70) to GBX 390 ($5.10) and gave the stock a hold rating in a research report on Friday, June 14th. Six investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Jupiter Fund Management currently has an average rating of Hold and a consensus price target of GBX 370 ($4.83).

LON JUP opened at GBX 335.20 ($4.38) on Wednesday. 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 company has a market capitalization of $1.53 billion and a price-to-earnings ratio of 11.56. The company’s fifty day moving average price is GBX 347.21 and its two-hundred day moving average price is GBX 368.32.

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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