Peel Hunt Raises Jupiter Fund Management (LON:JUP) Price Target to GBX 480

Jupiter Fund Management (LON:JUP) had its target price increased by analysts at Peel Hunt from GBX 375 ($4.90) to GBX 480 ($6.27) in a research note issued to investors on Wednesday, June 26th, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s target price would suggest a potential upside of 27.35% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the stock. Shore Capital reiterated a “hold” rating on shares of Greggs in a research note on Tuesday, May 14th. Bank of America restated a “buy” rating on shares of Continental in a research report on Wednesday, May 15th. JPMorgan Chase & Co. cut shares of E.ON SE Sponsored ADR (Germany) from an “overweight” rating to a “neutral” rating in a research report on Monday, March 4th. UBS Group boosted their price objective on shares of Zayo Group from $30.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of COMPASS GRP PLC/S in a report on Tuesday, April 9th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Jupiter Fund Management presently has a consensus rating of “Hold” and a consensus price target of GBX 381.73 ($4.99).

Shares of LON:JUP traded down GBX 5.90 ($0.08) during midday trading on Wednesday, hitting GBX 376.90 ($4.92). The company’s stock had a trading volume of 1,274,597 shares, compared to its average volume of 2,620,000. The firm has a market capitalization of $1.72 billion and a PE ratio of 12.12. The stock’s 50 day moving average is GBX 393.08. Jupiter Fund Management has a fifty-two week low of GBX 274.10 ($3.58) and a fifty-two week high of GBX 454.40 ($5.94).

In other Jupiter Fund Management news, insider Edward Bonham Carter sold 23,506 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of GBX 416 ($5.44), for a total transaction of £97,784.96 ($127,773.37). Also, insider Andrew Formica bought 498 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were purchased at an average price of GBX 362 ($4.73) per share, for a total transaction of £1,802.76 ($2,355.63). Insiders bought a total of 165,498 shares of company stock worth $59,165,276 in the last quarter.

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.

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Analyst Recommendations for Jupiter Fund Management (LON:JUP)

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