Jupiter Fund Management Plc (LON:JUP – Get Free Report) has received an average rating of “Reduce” from the six analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 85.40 ($1.11).
A number of research firms recently weighed in on JUP. UBS Group raised shares of Jupiter Fund Management to a “neutral” rating in a report on Wednesday, August 14th. Morgan Stanley dropped their target price on Jupiter Fund Management from GBX 92 ($1.20) to GBX 91 ($1.18) and set an “equal weight” rating on the stock in a research report on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Jupiter Fund Management from GBX 90 ($1.17) to GBX 100 ($1.30) and gave the company a “hold” rating in a report on Friday, July 26th.
Check Out Our Latest Analysis on JUP
Jupiter Fund Management Stock Up 0.7 %
Jupiter Fund Management Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, August 8th will be issued a GBX 3.20 ($0.04) dividend. This represents a yield of 3.88%. The ex-dividend date is Thursday, August 8th. Jupiter Fund Management’s dividend payout ratio is currently -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.
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