Jupiter Fund Management (LON:JUP) Given New GBX 80 Price Target at Citigroup

Jupiter Fund Management (LON:JUP) had its price objective dropped by stock analysts at Citigroup from GBX 92 ($1.15) to GBX 80 ($1.00) in a report released on Thursday, Marketbeat Ratings reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price target would indicate a potential upside of 2.30% from the stock’s previous close.

Jupiter Fund Management Price Performance

Shares of LON JUP opened at GBX 78.20 ($0.98) on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.79 and a debt-to-equity ratio of 11.23. The stock has a fifty day simple moving average of GBX 82.86 and a two-hundred day simple moving average of GBX 83.45. Jupiter Fund Management has a 1-year low of GBX 73.40 ($0.92) and a 1-year high of GBX 93.95 ($1.17). The firm has a market cap of £402.17 million, a price-to-earnings ratio of -3,910.00 and a beta of 1.42.

Insider Buying and Selling

In related news, insider James Macpherson acquired 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average cost of GBX 83 ($1.04) per share, for a total transaction of £24,900 ($31,090.02). 25.22% of the stock is currently owned by insiders.

Jupiter Fund Management Company Profile

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.