Shares of Jupiter Fund Management Plc (LON:JUP – Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 171.04 and traded as high as GBX 174. Jupiter Fund Management shares last traded at GBX 171.60, with a volume of 568,482 shares trading hands.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Jupiter Fund Management from GBX 180 to GBX 190 and gave the company a “hold” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 155.33.
Check Out Our Latest Stock Report on JUP
Jupiter Fund Management Price Performance
Jupiter Fund Management announced that its Board of Directors has approved a stock repurchase program on Wednesday, April 8th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.
Insider Buying and Selling at Jupiter Fund Management
In related news, insider Wayne Mepham acquired 765 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average cost of GBX 164 per share, for a total transaction of £1,254.60. Also, insider Matthew Beesley bought 671 shares of the stock in a transaction on Wednesday, May 27th. The shares were purchased at an average price of GBX 164 per share, with a total value of £1,100.44. 4.12% of the stock is owned by corporate 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. Jupiter Fund Management Plc was founded in 1985 and is based in London, United Kingdom.
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