Jupiter Fund Management Plc (LON:JUP – Get Free Report) has earned an average recommendation of “Reduce” from the six brokerages that are covering the firm, MarketBeat.com reports. One equities research 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 ($1.09).
Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Jupiter Fund Management from GBX 90 ($1.15) to GBX 100 ($1.28) and gave the stock a “hold” rating in a research report on Friday, July 26th. Morgan Stanley dropped their price target on Jupiter Fund Management from GBX 92 ($1.17) to GBX 91 ($1.16) and set an “equal weight” rating for the company in a research report on Thursday, July 18th. Finally, UBS Group upgraded Jupiter Fund Management to a “neutral” rating in a research report on Wednesday, August 14th.
Get Our Latest Analysis on JUP
Jupiter Fund Management Trading Up 1.0 %
Jupiter Fund Management Cuts Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, August 8th will be given a dividend of GBX 3.20 ($0.04) per share. 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 -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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