Jupiter Fund Management (LON:JUP) Lowered to “Underweight” at Barclays

Barclays downgraded shares of Jupiter Fund Management (LON:JUP) to an underweight rating in a research report report published on Thursday, MarketBeat.com reports. They currently have GBX 85 ($1.08) price target on the stock.

Separately, BNP Paribas upgraded shares of Jupiter Fund Management to a neutral rating and set a GBX 81 ($1.03) target price on the stock in a report on Monday, February 12th.

Jupiter Fund Management Stock Performance

LON:JUP opened at GBX 89 ($1.13) on Thursday. The company has a debt-to-equity ratio of 11.88, a current ratio of 2.09 and a quick ratio of 1.79. The firm has a market capitalization of £454.86 million, a price-to-earnings ratio of -2,923.33 and a beta of 1.39. The company’s 50-day moving average is GBX 86.42 and its two-hundred day moving average is GBX 84.89. Jupiter Fund Management has a 1-year low of GBX 71.10 ($0.90) and a 1-year high of GBX 138 ($1.75).

Jupiter Fund Management Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, May 20th. Investors of record on Thursday, April 18th will be paid a dividend of GBX 3.40 ($0.04) per share. This represents a yield of 4.15%. The ex-dividend date of this dividend is Thursday, April 18th. Jupiter Fund Management’s payout ratio is currently -23,333.33%.

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.