Jupiter Fund Management (LON:JUP) PT Lowered to GBX 315

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Jupiter Fund Management (LON:JUP) had its price objective cut by UBS Group from GBX 380 ($4.97) to GBX 315 ($4.12) in a research note issued to investors on Tuesday, October 16th, www.digitallook.com reports. They currently have a sell rating on the stock.

JUP has been the topic of several other reports. Numis Securities initiated coverage on Jupiter Fund Management in a research report on Thursday, October 4th. They set a hold rating and a GBX 410 ($5.36) price target on the stock. Credit Suisse Group reduced their price target on Jupiter Fund Management from GBX 445 ($5.81) to GBX 410 ($5.36) and set an underperform rating on the stock in a research report on Thursday, August 9th. Berenberg Bank reduced their price target on Jupiter Fund Management from GBX 460 ($6.01) to GBX 405 ($5.29) and set a hold rating on the stock in a research report on Thursday, October 11th. Jefferies Financial Group reduced their price target on Jupiter Fund Management from GBX 498 ($6.51) to GBX 480 ($6.27) and set a hold rating on the stock in a research report on Monday, July 23rd. Finally, Peel Hunt reaffirmed a hold rating on shares of Jupiter Fund Management in a research report on Thursday, October 11th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Jupiter Fund Management presently has a consensus rating of Hold and an average price target of GBX 451.15 ($5.90).

Jupiter Fund Management stock traded down GBX 0.60 ($0.01) during midday trading on Tuesday, hitting GBX 333.40 ($4.36). 790,814 shares of the company were exchanged, compared to its average volume of 2,620,000. Jupiter Fund Management has a fifty-two week low of GBX 416 ($5.44) and a fifty-two week high of GBX 638.80 ($8.35).

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.

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