Jupiter Fund Management (LON:JUP) Stock Passes Above 200-Day Moving Average – Time to Sell?

Jupiter Fund Management Plc (LON:JUP) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 170.15 and traded as high as GBX 175.80. Jupiter Fund Management shares last traded at GBX 174.60, with a volume of 351,685 shares traded.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on Jupiter Fund Management from GBX 180 to GBX 190 and gave the company a “hold” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 155.33.

Jupiter Fund Management Stock Performance

The company has a debt-to-equity ratio of 4.27, a current ratio of 2.46 and a quick ratio of 1.79. The firm has a fifty day moving average price of GBX 162.77 and a two-hundred day moving average price of GBX 170.15. The stock has a market capitalization of £876.46 million, a PE ratio of 9.75 and a beta of 1.30.

Jupiter Fund Management declared that its Board of Directors has approved a stock buyback plan on Wednesday, April 8th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Matthew Beesley bought 671 shares of the stock in a transaction dated Wednesday, May 27th. The stock was purchased at an average cost of GBX 164 per share, with a total value of £1,100.44. Also, insider Wayne Mepham purchased 765 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was bought at an average price of GBX 164 per share, for a total transaction of £1,254.60. Company insiders own 4.09% 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. Jupiter Fund Management Plc was founded in 1985 and is based in London, United Kingdom.