Insider Buying: Jupiter Fund Management Plc (LON:JUP) Insider Purchases £24,750 in Stock

Jupiter Fund Management Plc (LON:JUP) insider Dale Jane Murray purchased 33,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average price of GBX 75 ($0.95) per share, for a total transaction of £24,750 ($31,198.79).

Jupiter Fund Management Stock Performance

Shares of JUP stock traded up GBX 1.30 ($0.02) during trading hours on Monday, hitting GBX 74.70 ($0.94). 3,204,479 shares of the company were exchanged, compared to its average volume of 2,162,283. The company has a current ratio of 1.70, a quick ratio of 1.79 and a debt-to-equity ratio of 11.23. The stock has a market capitalization of £382.69 million, a price-to-earnings ratio of -43.11 and a beta of 1.42. The firm has a fifty day simple moving average of GBX 80.61 and a 200 day simple moving average of GBX 82.65. Jupiter Fund Management Plc has a 52-week low of GBX 72.80 ($0.92) and a 52-week high of GBX 93.95 ($1.18).

Jupiter Fund Management (LON:JUP) last released its earnings results on Thursday, February 27th. The company reported GBX 13.40 ($0.17) earnings per share (EPS) for the quarter. Jupiter Fund Management had a negative return on equity of 1.13% and a negative net margin of 2.34%. Research analysts predict that Jupiter Fund Management Plc will post 8.5093781 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Citigroup reduced their target price on Jupiter Fund Management from GBX 92 ($1.16) to GBX 80 ($1.01) and set a “neutral” rating for the company in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 89 ($1.12).

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.