Jupiter Fund Management Plc (LON:JUP) Given Average Rating of “Reduce” by Brokerages

Shares of Jupiter Fund Management Plc (LON:JUP) have received a consensus recommendation of “Reduce” from the six analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 85.40 ($1.14).

A number of analysts recently commented on JUP shares. UBS Group upgraded shares of Jupiter Fund Management to a “neutral” rating in a research report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 100 ($1.34) target price on shares of Jupiter Fund Management in a research note on Tuesday, September 3rd. Finally, Morgan Stanley lowered their price objective on shares of Jupiter Fund Management from GBX 92 ($1.23) to GBX 91 ($1.22) and set an “equal weight” rating for the company in a research report on Thursday, July 18th.

Insiders Place Their Bets

In other news, insider Wayne Mepham sold 57,059 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of GBX 81 ($1.08), for a total transaction of £46,217.79 ($61,821.55). Company insiders own 26.43% of the company’s stock.

Jupiter Fund Management Trading Down 0.5 %

Shares of JUP opened at GBX 86.10 ($1.15) on Thursday. The stock’s fifty day simple moving average is GBX 83.78 and its 200-day simple moving average is GBX 83.28. The firm has a market capitalization of £442.80 million, a PE ratio of -4,305.00 and a beta of 1.42. Jupiter Fund Management has a 12-month low of GBX 71.10 ($0.95) and a 12-month high of GBX 96.05 ($1.28). The company has a quick ratio of 1.79, a current ratio of 1.70 and a debt-to-equity ratio of 11.23.

Jupiter Fund Management Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 8th were issued a GBX 3.20 ($0.04) dividend. This represents a yield of 3.88%. The ex-dividend date of this dividend was Thursday, August 8th. Jupiter Fund Management’s dividend payout ratio is -35,000.00%.

About Jupiter Fund Management

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.