Jupiter Fund Management’s (JUP) “Hold” Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their hold rating on shares of Jupiter Fund Management (LON:JUP) in a research note issued to investors on Tuesday, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has a GBX 100 ($1.31) price objective on the stock.

A number of other research analysts also recently commented on JUP. Morgan Stanley lowered their price objective on shares of Jupiter Fund Management from GBX 92 ($1.21) to GBX 91 ($1.20) and set an equal weight rating on the stock in a research report on Thursday, July 18th. UBS Group upgraded shares of Jupiter Fund Management to a neutral rating in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of GBX 85.40 ($1.12).

Jupiter Fund Management Stock Performance

Jupiter Fund Management stock opened at GBX 81.70 ($1.07) on Tuesday. The firm’s 50 day simple moving average is GBX 83.42 and its 200-day simple moving average is GBX 83.62. Jupiter Fund Management has a fifty-two week low of GBX 71.10 ($0.93) and a fifty-two week high of GBX 101.70 ($1.34). The company has a market cap of £420.17 million, a P/E ratio of -4,085.00 and a beta of 1.43. The company has a debt-to-equity ratio of 11.23, a current ratio of 1.70 and a quick ratio of 1.79.

Jupiter Fund Management Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 8th were given a dividend of GBX 3.20 ($0.04) per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a yield of 3.88%. Jupiter Fund Management’s payout ratio is presently -35,000.00%.

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.