Shares of Jupiter Fund Management Plc (LON:JUP – Get Free Report) have received an average recommendation of “Reduce” from the six analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 85.40 ($1.09).
Several research firms have recently weighed in on JUP. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Jupiter Fund Management from GBX 90 ($1.15) to GBX 100 ($1.28) and gave the company a “hold” rating in a research report on Friday, July 26th. Morgan Stanley reduced their target price on shares of Jupiter Fund Management from GBX 92 ($1.17) to GBX 91 ($1.16) and set an “equal weight” rating for the company in a report on Thursday, July 18th. Finally, UBS Group upgraded Jupiter Fund Management to a “neutral” rating in a research report on Wednesday.
View Our Latest Stock Analysis on JUP
Jupiter Fund Management Price Performance
Jupiter Fund Management Cuts Dividend
The company also recently declared a dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, August 8th will be given a GBX 3.20 ($0.04) dividend. The ex-dividend date is Thursday, August 8th. This represents a dividend yield of 3.88%. Jupiter Fund Management’s dividend payout ratio (DPR) is presently -23,333.33%.
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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