Jupiter Fund Management (LON:JUP) Downgraded by Barclays

Barclays downgraded shares of Jupiter Fund Management (LON:JUP - Free Report) to an underweight rating in a research report report published on Thursday, MarketBeat reports. Barclays currently has GBX 85 ($1.08) price target on the stock.

Separately, BNP Paribas raised Jupiter Fund Management to a neutral rating and set a GBX 81 ($1.03) target price on the stock in a research report on Monday, February 12th.

Jupiter Fund Management Trading Down 3.1 %

Shares of Jupiter Fund Management stock traded down GBX 2.80 ($0.04) on Thursday, reaching GBX 87.70 ($1.11). The company had a trading volume of 465,834 shares, compared to its average volume of 1,293,881. The firm's 50 day moving average price is GBX 86.42 and its two-hundred day moving average price is GBX 84.89. The company has a debt-to-equity ratio of 11.88, a quick ratio of 1.79 and a current ratio of 2.09. Jupiter Fund Management has a 52-week low of GBX 71.10 ($0.90) and a 52-week high of GBX 138 ($1.75). The firm has a market cap of £448.22 million, a PE ratio of -2,923.33 and a beta of 1.39.

Jupiter Fund Management Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, May 20th. Stockholders of record on Thursday, April 18th will be given a dividend of GBX 3.40 ($0.04) per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a dividend yield of 4.15%. Jupiter Fund Management's dividend payout ratio is presently -23,333.33%.

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.