Deutsche Bank Aktiengesellschaft Boosts Jupiter Fund Management (LON:JUP) Price Target to GBX 100

Jupiter Fund Management (LON:JUP) had its price target lifted by Deutsche Bank Aktiengesellschaft from GBX 90 ($1.16) to GBX 100 ($1.29) in a report published on Friday, Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

JUP has been the subject of several other research reports. Barclays cut Jupiter Fund Management to an underweight rating and set a GBX 85 ($1.10) target price for the company. in a research note on Thursday, April 11th. Morgan Stanley cut their target price on Jupiter Fund Management from GBX 92 ($1.19) to GBX 91 ($1.18) and set an equal weight rating for the company in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, Jupiter Fund Management presently has an average rating of Hold and an average price target of GBX 85.40 ($1.10).

Jupiter Fund Management Price Performance

Shares of JUP stock traded down GBX 0.10 ($0.00) during mid-day trading on Friday, hitting GBX 88 ($1.14). 854,515 shares of the stock were exchanged, compared to its average volume of 1,161,552. The company has a market cap of £449.75 million, a PE ratio of -2,933.33 and a beta of 1.41. Jupiter Fund Management has a 52-week low of GBX 71.10 ($0.92) and a 52-week high of GBX 120.30 ($1.56). The firm has a fifty day moving average of GBX 81.88 and a 200 day moving average of GBX 82.80. The company has a quick ratio of 1.79, a current ratio of 2.09 and a debt-to-equity ratio of 11.88.

Jupiter Fund Management Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, August 8th will be given a dividend of GBX 3.20 ($0.04) per share. This represents a dividend yield of 3.88%. The ex-dividend date of this dividend is Thursday, August 8th. Jupiter Fund Management’s dividend payout ratio (DPR) is currently -23,333.33%.

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.