Citigroup Issues Pessimistic Forecast for Jupiter Fund Management (LON:JUP) Stock Price

Jupiter Fund Management (LON:JUP) had its price objective cut by investment analysts at Citigroup from GBX 92 ($1.15) to GBX 80 ($1.00) in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s target price indicates a potential upside of 2.30% from the stock’s previous close.

Jupiter Fund Management Stock Performance

LON JUP opened at GBX 78.20 ($0.98) on Thursday. The company has a fifty day moving average price of GBX 82.86 and a 200-day moving average price of GBX 83.45. The firm has a market cap of £402.17 million, a price-to-earnings ratio of -3,910.00 and a beta of 1.42. The company has a debt-to-equity ratio of 11.23, a current ratio of 1.70 and a quick ratio of 1.79. Jupiter Fund Management has a 1 year low of GBX 73.40 ($0.92) and a 1 year high of GBX 93.95 ($1.17).

Insider Buying and Selling at Jupiter Fund Management

In other Jupiter Fund Management news, insider James Macpherson bought 30,000 shares of Jupiter Fund Management stock in a transaction dated Tuesday, December 17th. The stock was bought at an average cost of GBX 83 ($1.04) per share, with a total value of £24,900 ($31,090.02). Company insiders own 25.22% 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.