Jupiter Fund Management’s (JUP) Buy Rating Reaffirmed at Berenberg Bank

Jupiter Fund Management (LON:JUP)‘s stock had its “buy” rating reiterated by Berenberg Bank in a report released on Tuesday,London Stock Exchange reports. They presently have a GBX 187 price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 8.09% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft raised their price target on Jupiter Fund Management from GBX 180 to GBX 190 and gave the stock a “hold” rating in a research report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 177.67.

Jupiter Fund Management Trading Up 5.2%

Shares of LON JUP opened at GBX 173 on Tuesday. Jupiter Fund Management has a 1-year low of GBX 113.40 and a 1-year high of GBX 214.50. The company has a debt-to-equity ratio of 4.75, a current ratio of 1.58 and a quick ratio of 1.79. The business’s 50 day moving average is GBX 165.73 and its two-hundred day moving average is GBX 168.54. The stock has a market capitalization of £866.99 million, a P/E ratio of 9.35 and a beta of 1.30.

Jupiter Fund Management (LON:JUP) last posted its quarterly earnings data on Thursday, July 23rd. The company reported GBX 7.20 earnings per share (EPS) for the quarter. Jupiter Fund Management had a return on equity of 11.59% and a net margin of 19.32%. As a group, research analysts expect that Jupiter Fund Management will post 8.5093781 EPS for the current year.

Insiders Place Their Bets

In other Jupiter Fund Management news, insider Wayne Mepham bought 765 shares of Jupiter Fund Management stock in a transaction on Wednesday, May 27th. The shares were acquired at an average price of GBX 164 per share, for a total transaction of £1,254.60. Also, insider Matthew Beesley bought 671 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average price of GBX 164 per share, with a total value of £1,100.44. Company insiders own 4.14% of the company’s stock.

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. Jupiter Fund Management Plc was founded in 1985 and is based in London, United Kingdom.