Jupiter Fund Management (LON:JUP) Stock Passes Above 200 Day Moving Average – What’s Next?

Jupiter Fund Management Plc (LON:JUP) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 116.23 and traded as high as GBX 152.70. Jupiter Fund Management shares last traded at GBX 149, with a volume of 1,007,831 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on JUP. Canaccord Genuity Group raised shares of Jupiter Fund Management to a “hold” rating and lifted their price target for the company from GBX 60 to GBX 120 in a research report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft raised their price objective on Jupiter Fund Management from GBX 130 to GBX 145 and gave the stock a “hold” rating in a research report on Thursday, October 2nd. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 156 target price on shares of Jupiter Fund Management in a research report on Wednesday, October 15th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 125.25.

Jupiter Fund Management Stock Down 1.3%

The business’s 50-day moving average is GBX 140.39 and its two-hundred day moving average is GBX 116.55. The company has a debt-to-equity ratio of 11.23, a quick ratio of 1.79 and a current ratio of 1.70. The firm has a market capitalization of £759.50 million, a price-to-earnings ratio of 13.80 and a beta of 1.42.

Insider Activity at Jupiter Fund Management

In other Jupiter Fund Management news, insider Willie Watt purchased 80,000 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The stock was bought at an average cost of GBX 149 per share, with a total value of £119,200. 3.90% of the stock is currently owned by company 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.