Jupiter Fund Management Plc (LON:JUP – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 82.62 ($1.05) and traded as low as GBX 81 ($1.03). Jupiter Fund Management shares last traded at GBX 81.90 ($1.04), with a volume of 1,809,955 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Citigroup reduced their price target on Jupiter Fund Management from GBX 92 ($1.17) to GBX 80 ($1.01) and set a “neutral” rating for the company in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 89 ($1.13).
View Our Latest Report on Jupiter Fund Management
Jupiter Fund Management Stock Performance
Insider Buying and Selling
In related news, insider James Macpherson bought 30,000 shares of Jupiter Fund Management stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average cost of GBX 83 ($1.05) per share, for a total transaction of £24,900 ($31,558.94). Corporate insiders own 25.22% of the company’s stock.
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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