Jupiter Fund Management (LON:JUP) Sets New 1-Year Low at $149.90

Jupiter Fund Management Plc (LON:JUPGet Rating) shares hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 149.90 ($1.84) and last traded at GBX 150.80 ($1.85), with a volume of 406089 shares. The stock had previously closed at GBX 155 ($1.90).

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Jupiter Fund Management from GBX 240 ($2.94) to GBX 225 ($2.76) and set a “neutral” rating for the company in a report on Friday, April 8th. Citigroup reaffirmed a “neutral” rating on shares of Jupiter Fund Management in a report on Monday, April 11th. Finally, Barclays reaffirmed an “underweight” rating and issued a GBX 180 ($2.20) target price on shares of Jupiter Fund Management in a report on Monday, May 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 243.75 ($2.99).

The company has a market capitalization of £835.68 million and a P/E ratio of 5.76. The company has a debt-to-equity ratio of 11.15, a current ratio of 2.32 and a quick ratio of 2.07. The firm has a fifty day moving average price of GBX 177.47 and a 200-day moving average price of GBX 209.42.

In other news, insider Andrew Formica acquired 1,001 shares of the company’s stock in a transaction that occurred on Wednesday, May 4th. The shares were acquired at an average price of GBX 180 ($2.20) per share, for a total transaction of £1,801.80 ($2,207.01).

Jupiter Fund Management Company Profile (LON:JUP)

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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