Jupiter Fund Management (LON:JUP) Reaches New 1-Year High – Time to Buy?

Shares of Jupiter Fund Management Plc (LON:JUP) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 191 and last traded at GBX 190.80, with a volume of 3954167 shares trading hands. The stock had previously closed at GBX 188.40.

Analysts Set New Price Targets

JUP has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on Jupiter Fund Management from GBX 150 to GBX 160 and gave the company a “hold” rating in a research note on Wednesday, December 3rd. Peel Hunt reissued a “buy” rating and issued a GBX 156 price objective on shares of Jupiter Fund Management in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Jupiter Fund Management presently has a consensus rating of “Hold” and an average target price of GBX 145.33.

Jupiter Fund Management Price Performance

The company has a debt-to-equity ratio of 11.23, a current ratio of 1.70 and a quick ratio of 1.79. The business’s fifty day moving average price is GBX 162.19 and its 200-day moving average price is GBX 145.28. The stock has a market capitalization of £956.25 million, a price-to-earnings ratio of 17.37 and a beta of 1.42.

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.