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Peel Hunt upgrades Jupiter Fund Management to ‘buy’, shares surge.

Jupiter Fund Management surged on Thursday as Peel Hunt upgraded the shares to ‘buy’ from ‘add' and hiked the price target to 156p from 90p.

  • Jupiter Fund Management
  • 18 September 2025 11:04:14
Jupiter Fund Management

Source: Sharecast

It said Peel Hunt’s acquisition of CCLA - a manager of money for UK charities - will drive earnings growth.

Analyst Stuart Duncan said upgrades don’t come much bigger than this.

He said the CCLA acquisition appears strategically sensible and delivers the scale needed.

Combining performance fees this year and the acquisition next year, the broker lifted forecasts for FY25/26/27 by 83%, 51% and 66%, respectively.

It said that regardless of the flow environment, Jupiter is set to deliver attractive earnings growth in the coming years.

At 1100 BST, the shares were up 14.5% at 143.18p.

FTSE 250 ( MCX )

ISIN: N/A
Exchange: London Stock Exchange
Sell:
0.00
Buy:
0.00
Change: -136.02 ( -0.63 %)
Date:
Prices delayed by at least 15 minutes

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Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.