Brokerages Set Jupiter Fund Management Plc (LON:JUP) Price Target at GBX 85.40

Jupiter Fund Management Plc (LON:JUP) 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.

Jupiter Fund Management Stock Up 0.7 %

Shares of LON:JUP opened at GBX 84.60 ($1.10) on Wednesday. The company has a 50 day moving average of GBX 81.70 and a two-hundred day moving average of GBX 83.39. Jupiter Fund Management has a 52-week low of GBX 71.10 ($0.92) and a 52-week high of GBX 101.70 ($1.32). The company has a quick ratio of 1.79, a current ratio of 1.70 and a debt-to-equity ratio of 11.23. The company has a market capitalization of £435.08 million, a price-to-earnings ratio of -4,200.00 and a beta of 1.43.

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.