Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Jupiter Fund Management (LON:JUP) Stock Price

Jupiter Fund Management (LON:JUP) had its target price boosted by Deutsche Bank Aktiengesellschaft from GBX 175 to GBX 180 in a report issued on Wednesday, Marketbeat reports. They currently have a hold rating on the stock.

Jupiter Fund Management Stock Down 1.0%

Shares of LON:JUP opened at GBX 156.40 on Wednesday. The company has a market capitalization of £785.10 million, a price-to-earnings ratio of 8.74 and a beta of 1.37. The company has a 50 day moving average of GBX 174.07 and a two-hundred day moving average of GBX 165.01. Jupiter Fund Management has a 52-week low of GBX 67.90 and a 52-week high of GBX 214.50.

Jupiter Fund Management (LON:JUP) last posted its earnings results on Thursday, February 26th. The company reported GBX 19.40 EPS for the quarter. Jupiter Fund Management had a net margin of 21.19% and a return on equity of 11.49%. On average, equities analysts anticipate that Jupiter Fund Management will post 8.5093781 earnings per share for the current year.

Jupiter Fund Management declared that its board has authorized a share repurchase plan on Wednesday, April 8th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other Jupiter Fund Management news, insider James Macpherson bought 30,000 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were acquired at an average cost of GBX 194 per share, with a total value of £58,200. Also, insider Wayne Mepham sold 30,123 shares of the business’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of GBX 157, for a total value of £47,293.11. Insiders sold 569,285 shares of company stock worth $106,835,239 over the last ninety days. Corporate insiders own 3.97% of the company’s stock.

Jupiter Fund Management Company Profile

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. Jupiter Fund Management Plc was founded in 1985 and is based in London, United Kingdom.