Jefferies Financial Group Lowers Jupiter Fund Management (LON:JUP) to Underperform
Jefferies Financial Group downgraded shares of Jupiter Fund Management (LON:JUP) to an underperform rating in a research note published on Monday, ThisIsMoney.Co.Uk reports.
Several other research firms have also recently commented on JUP. Shore Capital reaffirmed a hold rating on shares of Jupiter Fund Management in a research report on Tuesday, July 30th. UBS Group cut their price objective on shares of Jupiter Fund Management from GBX 330 ($4.31) to GBX 310 ($4.05) and set a sell rating on the stock in a research report on Tuesday, August 13th. Berenberg Bank boosted their price objective on shares of Jupiter Fund Management from GBX 360 ($4.70) to GBX 390 ($5.10) and gave the company a hold rating in a research report on Friday, June 14th. Barclays cut their price target on shares of Jupiter Fund Management from GBX 350 ($4.57) to GBX 330 ($4.31) and set an underweight rating on the stock in a research report on Monday, July 8th. Finally, Peel Hunt reissued a buy rating on shares of Jupiter Fund Management in a research report on Monday, July 29th. Five research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 376.90 ($4.92).
JUP opened at GBX 364.10 ($4.76) on Monday. The stock has a market capitalization of $1.65 billion and a P/E ratio of 12.56. Jupiter Fund Management has a 12 month low of GBX 274.10 ($3.58) and a 12 month high of GBX 435 ($5.68). The firm’s fifty day simple moving average is GBX 348.93 and its 200 day simple moving average is GBX 369.97.
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.
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