Jupiter Fund Management (LON:JUP) Reaches New 12-Month High - Here's Why

Key Points

• Jupiter Fund Management's stock reached a new 52-week high of GBX 144.14 ($1.95) before last trading at GBX 140 ($1.90), indicating significant trading activity with over 5 million shares swapped.
• Brokerages have shown positive sentiment toward Jupiter, with Canaccord Genuity upgrading the stock to a "hold" rating and raising the target price from GBX 60 to GBX 120, along with similar adjustments from other firms.
• The company reported a negative net margin of -2.34% and a negative return on equity of -1.13%, while analysts project an EPS of approximately 8.51 for the current year.

Jupiter Fund Management Plc (LON:JUP - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The company traded as high as GBX 144.14 ($1.95) and last traded at GBX 140 ($1.89), with a volume of 5486280 shares. The stock had previously closed at GBX 125 ($1.69).

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on JUP. Canaccord Genuity Group raised Jupiter Fund Management to a "hold" rating and boosted their price target for the company from GBX 60 to GBX 120 in a report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft boosted their price target on Jupiter Fund Management from GBX 110 to GBX 130 and gave the company a "hold" rating in a report on Friday, July 25th. Finally, Peel Hunt reissued an "add" rating and issued a GBX 90 price target on shares of Jupiter Fund Management in a report on Friday, July 25th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of GBX 105.

Jupiter Fund Management Trading Down 0.3%

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 £718.72 million, a price-to-earnings ratio of 1,305.56 and a beta of 1.42. The company has a 50 day moving average price of GBX 126.75 and a two-hundred day moving average price of GBX 98.65.

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

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.