Jupiter Fund Management Plc (LON:JUP) Receives Average Rating of “Reduce” from Analysts

Jupiter Fund Management Plc (LON:JUP) has been assigned a consensus recommendation of “Reduce” from the five analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 89.25 ($1.10).

Separately, Citigroup dropped their price target on Jupiter Fund Management from GBX 92 ($1.13) to GBX 80 ($0.98) and set a “neutral” rating for the company in a research report on Thursday.

Jupiter Fund Management Price Performance

Shares of Jupiter Fund Management stock traded down GBX 0.60 ($0.01) on Thursday, reaching GBX 77.80 ($0.96). The company’s stock had a trading volume of 1,223,148 shares, compared to its average volume of 3,949,893. The company has a market capitalization of £400.11 million, a P/E ratio of -3,890.00 and a beta of 1.42. Jupiter Fund Management has a 52-week low of GBX 73.40 ($0.90) and a 52-week high of GBX 93.95 ($1.16). The stock has a 50-day moving average price of GBX 82.88 and a 200-day moving average price of GBX 83.49. The company has a quick ratio of 1.79, a current ratio of 1.70 and a debt-to-equity ratio of 11.23.

Insider Buying and Selling

In related news, insider James Macpherson bought 30,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was bought at an average cost of GBX 83 ($1.02) per share, for a total transaction of £24,900 ($30,653.70). 25.22% of the stock is owned by company insiders.

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.