Jupiter Fund Management (LON:JUP) Earns “Underweight” Rating from Barclays

Jupiter Fund Management (LON:JUPGet Rating)‘s stock had its “underweight” rating reaffirmed by equities research analysts at Barclays in a note issued to investors on Monday, MarketBeat.com reports. They presently have a GBX 180 ($2.27) price objective on the stock. Barclays‘s target price would suggest a potential upside of 4.05% from the stock’s previous close.

A number of other research firms have also recently weighed in on JUP. JPMorgan Chase & Co. lowered their target price on shares of Jupiter Fund Management from GBX 240 ($3.02) to GBX 225 ($2.83) and set a “neutral” rating on the stock in a research note on Friday, April 8th. Peel Hunt reaffirmed an “add” rating and issued a GBX 280 ($3.52) price objective on shares of Jupiter Fund Management in a research note on Friday, February 11th. Finally, Citigroup reissued a “neutral” rating on shares of Jupiter Fund Management in a research note on Monday, April 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 243.75 ($3.07).

LON JUP opened at GBX 173 ($2.18) on Monday. The company has a current ratio of 2.32, a quick ratio of 2.07 and a debt-to-equity ratio of 11.15. Jupiter Fund Management has a 12 month low of GBX 164.20 ($2.07) and a 12 month high of GBX 300 ($3.78). The stock has a market cap of £956.80 million and a price-to-earnings ratio of 6.42. The company’s 50 day moving average is GBX 194.45 and its two-hundred day moving average is GBX 221.35.

In other news, insider Wayne Mepham sold 11,181 shares of the business’s stock in a transaction dated Tuesday, March 1st. The shares were sold at an average price of GBX 206 ($2.59), for a total value of £23,032.86 ($28,983.09). Also, insider Andrew Formica bought 1,001 shares of the firm’s stock in a transaction dated Wednesday, May 4th. The shares were acquired at an average price of GBX 180 ($2.27) per share, for a total transaction of £1,801.80 ($2,267.27).

Jupiter Fund Management Company Profile (Get Rating)

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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Analyst Recommendations for Jupiter Fund Management (LON:JUP)

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