Jupiter Fund Management (LON:JUP) Hits New 52-Week High – Time to Buy?

Jupiter Fund Management Plc (LON:JUP)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 155.45 ($2.07) and last traded at GBX 151.20 ($2.01), with a volume of 2826699 shares. The stock had previously closed at GBX 150 ($2.00).

Analyst Upgrades and Downgrades

JUP has been the topic of a number of recent research reports. Peel Hunt reaffirmed an “add” rating and set a GBX 90 price target on shares of Jupiter Fund Management in a research report on Friday, July 25th. Canaccord Genuity Group raised shares of Jupiter Fund Management to a “hold” rating and raised their price target for the stock from GBX 60 to GBX 120 in a research report on Wednesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Jupiter Fund Management from GBX 130 to GBX 145 and gave the stock a “hold” rating in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Jupiter Fund Management currently has an average rating of “Hold” and an average target price of GBX 108.75.

Jupiter Fund Management Price Performance

The stock has a market capitalization of £745.23 million, a price-to-earnings ratio of 1,353.70 and a beta of 1.42. The company has a quick ratio of 1.79, a current ratio of 1.70 and a debt-to-equity ratio of 11.23. The business’s 50 day simple moving average is GBX 132.15 and its 200-day simple moving average is GBX 106.34.

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

Insider Transactions at Jupiter Fund Management

In other news, insider Willie Watt acquired 80,000 shares of Jupiter Fund Management stock in a transaction on Wednesday, October 8th. The shares were purchased at an average cost of GBX 149 per share, for a total transaction of £119,200. 3.89% of the stock is owned by insiders.

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.