Shares of Jupiter Fund Management Plc (LON:JUP – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 170.15 and traded as high as GBX 175.80. Jupiter Fund Management shares last traded at GBX 174.60, with a volume of 351,685 shares traded.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Jupiter Fund Management from GBX 180 to GBX 190 and gave the company a “hold” rating in a research note on Tuesday, June 2nd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 155.33.
View Our Latest Stock Analysis on JUP
Jupiter Fund Management Price Performance
Jupiter Fund Management declared that its Board of Directors has approved a share repurchase program on Wednesday, April 8th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.
Insiders Place Their Bets
In related news, insider Matthew Beesley purchased 671 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average cost of GBX 164 per share, for a total transaction of £1,100.44. Also, insider Wayne Mepham purchased 765 shares of Jupiter Fund Management stock in a transaction dated Wednesday, May 27th. The stock was bought at an average cost of GBX 164 per share, with a total value of £1,254.60. 4.09% of the stock is owned by corporate 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.
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