Shore Capital Reaffirms “Hold” Rating for Jupiter Fund Management (LON:JUP)
Shore Capital reissued their hold rating on shares of Jupiter Fund Management (LON:JUP) in a research note released on Friday morning, ThisIsMoney.Co.Uk reports.
JUP has been the topic of several other reports. Barclays increased their price objective on Jupiter Fund Management from GBX 310 ($4.08) to GBX 335 ($4.41) and gave the company an underweight rating in a research report on Monday, January 13th. Credit Suisse Group increased their price objective on Jupiter Fund Management from GBX 320 ($4.21) to GBX 340 ($4.47) and gave the company an underperform rating in a research report on Friday, January 24th. UBS Group reiterated a sell rating and set a GBX 335 ($4.41) price objective (up from GBX 310 ($4.08)) on shares of Jupiter Fund Management in a research report on Monday, February 17th. JPMorgan Chase & Co. increased their price objective on Jupiter Fund Management from GBX 345 ($4.54) to GBX 400 ($5.26) and gave the company a neutral rating in a research report on Tuesday, January 7th. Finally, Canaccord Genuity reduced their price objective on Jupiter Fund Management from GBX 415 ($5.46) to GBX 362 ($4.76) and set a hold rating on the stock in a research report on Tuesday, February 11th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of GBX 377.40 ($4.96).
Shares of LON:JUP traded down GBX 26.30 ($0.35) on Friday, hitting GBX 300 ($3.95). The company’s stock had a trading volume of 6,692,171 shares, compared to its average volume of 2,620,000. The company has a 50-day simple moving average of GBX 383.87 and a 200 day simple moving average of GBX 367.33. Jupiter Fund Management has a 1 year low of GBX 310.30 ($4.08) and a 1 year high of GBX 437.80 ($5.76). The company has a market capitalization of $1.37 billion and a PE ratio of 10.34.
The company also recently disclosed a dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 12th will be given a dividend of GBX 9.20 ($0.12) per share. The ex-dividend date of this dividend is Thursday, March 12th. This is a positive change from Jupiter Fund Management’s previous dividend of $7.90. This represents a dividend yield of 3.07%. Jupiter Fund Management’s dividend payout ratio is 0.59%.
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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