Jupiter Fund Management (LON:JUP) Hits New 12-Month Low at $129.30

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Jupiter Fund Management Plc (LON:JUPGet Rating) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 129.30 ($1.56) and last traded at GBX 130.20 ($1.57), with a volume of 203989 shares changing hands. The stock had previously closed at GBX 133.50 ($1.61).

Analysts Set New Price Targets

A number of brokerages have recently commented on JUP. Barclays reduced their target price on shares of Jupiter Fund Management from GBX 180 ($2.17) to GBX 120 ($1.45) and set an “underweight” rating for the company in a research report on Wednesday, July 13th. Citigroup reiterated a “sell” rating and issued a GBX 135 ($1.63) target price on shares of Jupiter Fund Management in a research report on Friday, July 1st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Jupiter Fund Management from GBX 200 ($2.41) to GBX 150 ($1.81) and set a “neutral” rating for the company in a research report on Wednesday, July 6th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 195 ($2.35).

Jupiter Fund Management Trading Down 2.5 %

The stock has a market capitalization of £720.09 million and a price-to-earnings ratio of 494.44. The company’s 50-day moving average is GBX 157.32 and its 200-day moving average is GBX 190.65. The company has a quick ratio of 2.07, a current ratio of 2.32 and a debt-to-equity ratio of 11.15.

Insider Buying and Selling

In related news, insider Andrew Formica purchased 1,001 shares of the company’s stock in a transaction on Wednesday, May 4th. The stock was acquired at an average cost of GBX 180 ($2.17) per share, for a total transaction of £1,801.80 ($2,170.84).

About Jupiter Fund Management

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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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