Jupiter Fund Management (LON:JUP) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Jupiter Fund Management Plc (LON:JUP) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 90.99 ($1.22) and traded as high as GBX 127.60 ($1.72). Jupiter Fund Management shares last traded at GBX 126.40 ($1.70), with a volume of 710,134 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently commented on JUP shares. Canaccord Genuity Group upgraded shares of Jupiter Fund Management to a “hold” rating and upped their price target for the company from GBX 60 to GBX 120 in a research note on Wednesday, July 16th. Peel Hunt reaffirmed an “add” rating and issued a GBX 90 price target on shares of Jupiter Fund Management in a report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Jupiter Fund Management from GBX 110 to GBX 130 and gave the stock a “hold” rating in a report on Friday, July 25th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of GBX 105.

Jupiter Fund Management Stock Performance

The company’s fifty day simple moving average is GBX 116.29 and its 200 day simple moving average is GBX 90.99. 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 £648.88 million, a P/E ratio of -73.10 and a beta of 1.42.

Jupiter Fund Management (LON:JUP) last announced its quarterly earnings results on Friday, July 25th. The company reported GBX 4.20 EPS for the quarter. Jupiter Fund Management had a negative net margin of 2.34% and a negative return on equity of 1.13%. As a group, sell-side analysts forecast that Jupiter Fund Management Plc will post 8.5093781 earnings per share for the current fiscal year.

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.