Jupiter Fund Management (LON:JUP) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Jupiter Fund Management Plc (LON:JUP) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 167.53 and traded as low as GBX 164.80. Jupiter Fund Management shares last traded at GBX 168.60, with a volume of 54,389,855 shares.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft upped their target price on shares of Jupiter Fund Management from GBX 180 to GBX 190 and gave the stock a “hold” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 155.33.

Jupiter Fund Management Trading Down 1.5%

The stock’s fifty day moving average is GBX 160 and its two-hundred day moving average is GBX 167.84. The company has a market capitalization of £833.81 million, a PE ratio of 9.28 and a beta of 1.30.

Jupiter Fund Management declared that its Board of Directors has authorized a share buyback program on Wednesday, April 8th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Jupiter Fund Management

In related news, insider Matthew Beesley sold 23,463 shares of the business’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of GBX 158, for a total value of £37,071.54. Also, insider Wayne Mepham sold 30,123 shares of the business’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of GBX 157, for a total transaction of £47,293.11. 4.09% of the stock is currently 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. Jupiter Fund Management Plc was founded in 1985 and is based in London, United Kingdom.