Jupiter Fund Management (LON:JUP) Stock Crosses Below 200-Day Moving Average – What’s Next?

Jupiter Fund Management Plc (LON:JUP)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 169.52 and traded as low as GBX 162. Jupiter Fund Management shares last traded at GBX 165.40, with a volume of 745,979 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on Jupiter Fund Management from GBX 180 to GBX 190 and gave the stock a “hold” rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 173.

Jupiter Fund Management Stock Down 0.1%

The company’s fifty day simple moving average is GBX 166.38 and its 200 day simple moving average is GBX 169.32. The company has a current ratio of 1.58, a quick ratio of 1.79 and a debt-to-equity ratio of 4.75. The firm has a market capitalization of £807.86 million, a P/E ratio of 8.71 and a beta of 1.30.

Jupiter Fund Management (LON:JUP) last announced its earnings results on Thursday, July 23rd. The company reported GBX 7.20 earnings per share for the quarter. Jupiter Fund Management had a net margin of 19.32% and a return on equity of 11.59%. Research analysts expect that Jupiter Fund Management Plc will post 8.5093781 EPS for the current year.

Insider Activity

In other news, insider Matthew Beesley bought 671 shares of Jupiter Fund Management stock in a transaction on Wednesday, May 27th. The shares were purchased at an average price of GBX 164 per share, for a total transaction of £1,100.44. Also, insider Wayne Mepham bought 765 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was purchased at an average cost of GBX 164 per share, with a total value of £1,254.60. Company insiders own 4.14% 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. Jupiter Fund Management Plc was founded in 1985 and is based in London, United Kingdom.