Berenberg Bank Reiterates “Buy” Rating for Jupiter Fund Management (LON:JUP)

Jupiter Fund Management (LON:JUP)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a note issued to investors on Tuesday,London Stock Exchange reports. They currently have a GBX 187 price objective on the stock. Berenberg Bank’s price objective suggests a potential upside of 8.09% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft upped their target price on Jupiter Fund Management from GBX 180 to GBX 190 and gave the stock a “hold” rating in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 177.67.

Jupiter Fund Management Stock Up 5.2%

LON:JUP opened at GBX 173 on Tuesday. The company has a 50-day moving average of GBX 165.73 and a 200 day moving average of GBX 168.54. Jupiter Fund Management has a 1-year low of GBX 113.40 and a 1-year high of GBX 214.50. The firm has a market cap of £866.99 million, a PE ratio of 9.35 and a beta of 1.30. The company has a debt-to-equity ratio of 4.75, a current ratio of 1.58 and a quick ratio of 1.79.

Jupiter Fund Management (LON:JUP) last released its quarterly earnings data on Thursday, July 23rd. The company reported GBX 7.20 earnings per share (EPS) for the quarter. Jupiter Fund Management had a net margin of 19.32% and a return on equity of 11.59%. As a group, research analysts anticipate that Jupiter Fund Management will post 8.5093781 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Wayne Mepham bought 765 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were bought at an average price of GBX 164 per share, with a total value of £1,254.60. Also, insider Matthew Beesley acquired 671 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were bought at an average cost of GBX 164 per share, for a total transaction of £1,100.44. 4.14% of the stock is owned by company insiders.

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. Jupiter Fund Management Plc was founded in 1985 and is based in London, United Kingdom.