Macquarie reaffirmed their underperform rating on shares of Jupiter Fund Management PLC (LON:JUP) in a research note issued to investors on Monday, May 8th. Macquarie currently has a GBX 393 ($5.07) price objective on the stock.
Several other equities research analysts also recently weighed in on the stock. Barclays PLC downgraded shares of Jupiter Fund Management PLC to an equal weight rating and lowered their target price for the company from GBX 540 ($6.97) to GBX 425 ($5.49) in a research note on Monday, January 23rd. Liberum Capital reiterated a buy rating and set a GBX 487 ($6.29) price objective on shares of Jupiter Fund Management PLC in a research note on Thursday, January 12th. JPMorgan Chase & Co. lifted their price objective on shares of Jupiter Fund Management PLC from GBX 440 ($5.68) to GBX 450 ($5.81) and gave the stock a neutral rating in a research note on Thursday, March 9th. Numis Securities Ltd downgraded shares of Jupiter Fund Management PLC to an add rating and set a GBX 545 ($7.03) price objective for the company. in a research note on Wednesday, May 3rd. Finally, Jefferies Group LLC lowered their price objective on shares of Jupiter Fund Management PLC from GBX 482 ($6.22) to GBX 478 ($6.17) and set a buy rating for the company in a research note on Monday, April 10th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and an average price target of GBX 453.64 ($5.86).
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In other news, insider Edward Bonham Carter sold 667,153 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of GBX 475 ($6.13), for a total value of £3,168,976.75 ($4,090,585.71). Also, insider Maarten Slendebroek sold 43,577 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of GBX 474 ($6.12), for a total transaction of £206,554.98 ($266,625.76). Insiders sold a total of 757,639 shares of company stock worth $357,254,953 over the last quarter.
About Jupiter Fund Management PLC
Jupiter Fund Management plc is a fund manager. The principal activity of the Company is to act as a holding company for a group of investment management companies. The Company focuses primarily on managing equity investments on behalf of retail, institutional and private client investors across a range of products, including the United Kingdom and offshore mutual funds, segregated mandates and investment trusts.
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