Jupiter Fund Management (JUP) Lowered to Underperform at Bank of America

Bank of America lowered shares of Jupiter Fund Management (LON:JUP) to an underperform rating in a research note released on Wednesday, ThisIsMoney.Co.Uk reports.

A number of other research firms have also weighed in on JUP. Numis Securities reiterated a hold rating on shares of Jupiter Fund Management in a research report on Tuesday, April 30th. Shore Capital restated a buy rating on shares of Jupiter Fund Management in a research report on Tuesday, April 30th. UBS Group upgraded Jupiter Fund Management to a neutral rating and raised their price objective for the stock from GBX 280 ($3.66) to GBX 355 ($4.64) in a research report on Friday, March 29th. Peel Hunt restated a hold rating on shares of Jupiter Fund Management in a research report on Tuesday, February 26th. Finally, Barclays started coverage on Jupiter Fund Management in a research report on Friday, April 12th. They set an underweight rating and a GBX 330 ($4.31) price objective for the company. Five research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock presently has an average rating of Hold and a consensus price target of GBX 356 ($4.65).

Shares of LON:JUP traded up GBX 5.96 ($0.08) during midday trading on Wednesday, reaching GBX 365.86 ($4.78). The company had a trading volume of 348,743 shares, compared to its average volume of 2,620,000. Jupiter Fund Management has a 1-year low of GBX 274.10 ($3.58) and a 1-year high of GBX 490.70 ($6.41). The firm has a market capitalization of $1.61 billion and a price-to-earnings ratio of 11.76.

In other news, insider Roger Yates purchased 25,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was bought at an average cost of GBX 377 ($4.93) per share, with a total value of £94,250 ($123,154.32). Also, insider Andrew Formica purchased 150,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average cost of GBX 369 ($4.82) per share, with a total value of £553,500 ($723,245.79). Insiders have bought a total of 333,753 shares of company stock valued at $120,941,036 over the last ninety days.

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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Analyst Recommendations for Jupiter Fund Management (LON:JUP)

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