Jupiter Fund Management (LON:JUP) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Jupiter Fund Management Plc (LON:JUP) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 122.89 and traded as high as GBX 143.60. Jupiter Fund Management shares last traded at GBX 143.20, with a volume of 514,342 shares changing hands.

Analysts Set New Price Targets

Several analysts recently issued reports on JUP shares. Peel Hunt reiterated a “buy” rating and set a GBX 156 target price on shares of Jupiter Fund Management in a report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Jupiter Fund Management from GBX 130 to GBX 145 and gave the company a “hold” rating in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 125.25.

Jupiter Fund Management Price Performance

The company’s 50-day simple moving average is GBX 146.97 and its 200-day simple moving average is GBX 123.21. The company has a debt-to-equity ratio of 11.23, a current ratio of 1.70 and a quick ratio of 1.79. The stock has a market capitalization of £750.32 million, a price-to-earnings ratio of 13.63 and a beta of 1.42.

Insiders Place Their Bets

In other news, insider Willie Watt purchased 80,000 shares of Jupiter Fund Management stock in a transaction that occurred on Wednesday, October 8th. The stock was acquired at an average cost of GBX 149 per share, for a total transaction of £119,200. Insiders own 3.90% of the company’s stock.

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.