Jupiter Fund Management PLC (LON:JUP) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $363.46 and traded as low as $358.30. Jupiter Fund Management shares last traded at $363.10, with a volume of 948,191 shares trading hands.
JUP has been the topic of several recent analyst reports. Jefferies Financial Group upgraded Jupiter Fund Management to a “hold” rating and increased their target price for the company from GBX 340 ($4.44) to GBX 350 ($4.57) in a research note on Tuesday, November 5th. UBS Group cut their target price on Jupiter Fund Management from GBX 310 ($4.05) to GBX 300 ($3.92) and set a “sell” rating on the stock in a research note on Friday, October 4th. Berenberg Bank cut their target price on Jupiter Fund Management from GBX 390 ($5.10) to GBX 367 ($4.80) and set a “hold” rating on the stock in a research note on Friday, October 25th. Shore Capital reiterated a “hold” rating on shares of Jupiter Fund Management in a research note on Friday, October 11th. Finally, Credit Suisse Group initiated coverage on Jupiter Fund Management in a research note on Tuesday, October 1st. They set an “underperform” rating and a GBX 320 ($4.18) target price on the stock. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 366.20 ($4.79).
The stock has a market capitalization of $1.66 billion and a PE ratio of 12.52. The stock has a 50 day moving average price of GBX 341.47 and a 200-day moving average price of GBX 363.29.
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: Analyzing a company’s cash flow statement
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.