Jupiter Fund Management (LON:JUP) Reaches New 52-Week High – What’s Next?

Jupiter Fund Management Plc (LON:JUP) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 188.80 and last traded at GBX 187.80, with a volume of 512475 shares changing hands. The stock had previously closed at GBX 183.

Analyst Ratings Changes

JUP has been the subject of a number of research reports. Peel Hunt restated a “buy” rating and set a GBX 156 target price on shares of Jupiter Fund Management in a research report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Jupiter Fund Management from GBX 150 to GBX 160 and gave the stock a “hold” rating in a research note on Wednesday, December 3rd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 145.33.

Jupiter Fund Management Price Performance

The firm’s 50-day moving average is GBX 158.60 and its two-hundred day moving average is GBX 143.25. The company has a market cap of £960.70 million, a P/E ratio of 17.45 and a beta of 1.42. 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 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.