Jupiter Fund Management (LON:JUP) Price Target Raised to GBX 200

Key Points

• Berenberg Bank raised Jupiter Fund Management’s price target to GBX 200 from GBX 187 and maintained a “buy” rating, implying 15.21% upside from the prior close.
• Deutsche Bank also increased its target, from GBX 180 to GBX 185, but kept a “hold” rating. The stock’s consensus view is “Moderate Buy,” with an average target price of GBX 192.50.
• Jupiter reported quarterly EPS of GBX 7.20, while analysts expect full-year EPS of GBX 8.51. Separately, insider Matthew Beesley sold 447,370 shares worth approximately £773,950.

Jupiter Fund Management (LON:JUP - Get Free Report) had its target price increased by Berenberg Bank from GBX 187 to GBX 200 in a research note issued on Friday, Digital Look reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's price target indicates a potential upside of 15.21% from the company's previous close.

Separately, Deutsche Bank Aktiengesellschaft raised their price target on Jupiter Fund Management from GBX 180 to GBX 185 and gave the stock a "hold" rating in a research note on Friday, September 4th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 192.50.

Jupiter Fund Management Stock Performance

Jupiter Fund Management stock opened at GBX 173.60 on Friday. 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 firm has a market capitalization of £870.00 million, a P/E ratio of 9.38 and a beta of 1.30. Jupiter Fund Management has a 1-year low of GBX 137.20 and a 1-year high of GBX 214.50. The company's 50-day moving average is GBX 165.70 and its 200 day moving average is GBX 164.12.

Jupiter Fund Management (LON:JUP - Get Free Report) last announced its earnings results 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%. Research analysts forecast that Jupiter Fund Management will post 8.51 EPS for the current year.

Insider Activity

In other news, insider Matthew Beesley sold 447,370 shares of the company's stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of GBX 173, for a total value of £773,950.10. Corporate insiders own 4.20% 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.

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