Jupiter Fund Management Plc (LON:JUP) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Jupiter Fund Management Plc (LON:JUP) have earned an average recommendation of “Reduce” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 87.40 ($1.09).

Separately, Citigroup lowered their price target on shares of Jupiter Fund Management from GBX 92 ($1.15) to GBX 80 ($1.00) and set a “neutral” rating for the company in a research note on Thursday, January 23rd.

Jupiter Fund Management Trading Down 1.4 %

JUP stock opened at GBX 77.60 ($0.97) on Thursday. The company has a market capitalization of £399.08 million, a PE ratio of -3,880.00 and a beta of 1.42. The company has a debt-to-equity ratio of 11.23, a quick ratio of 1.79 and a current ratio of 1.70. Jupiter Fund Management has a one year low of GBX 73.40 ($0.91) and a one year high of GBX 93.95 ($1.17). The company’s 50 day moving average price is GBX 82.72 and its two-hundred day moving average price is GBX 83.33.

Insider Buying and Selling at Jupiter Fund Management

In other news, insider James Macpherson bought 30,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was bought at an average cost of GBX 83 ($1.03) per share, for a total transaction of £24,900 ($31,001.00). Company insiders own 25.22% of the company’s stock.

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.