Jupiter Fund Management (LON:JUP) Hits New 12-Month High - Should You Buy?

Key Points

• Jupiter Fund Management Plc shares reached a new 52-week high of GBX 144.60 ($1.94) during trading, closing at GBX 143.40 ($1.93) with a volume of over 1.7 million shares.
• Analysts have given mixed ratings, with a consensus rating of "Hold" and a target price of GBX 105, while Deutsche Bank and Canaccord Genuity both raised their price objectives for the stock.
• Despite recent highs, Jupiter Fund Management reported a negative return on equity of -1.13% and a net margin of -2.34% in its latest earnings report.

Jupiter Fund Management Plc (LON:JUP - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 144.60 ($1.94) and last traded at GBX 143.40 ($1.93), with a volume of 1720028 shares traded. The stock had previously closed at GBX 141.80 ($1.90).

Wall Street Analysts Forecast Growth

JUP has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Jupiter Fund Management from GBX 110 to GBX 130 and gave the company a "hold" rating in a research report on Friday, July 25th. Canaccord Genuity Group upgraded Jupiter Fund Management to a "hold" rating and boosted their target price for the company from GBX 60 to GBX 120 in a research note on Wednesday, July 16th. Finally, Peel Hunt reiterated an "add" rating and set a GBX 90 price objective on shares of Jupiter Fund Management in a research note on Friday, July 25th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of GBX 105.

Jupiter Fund Management Trading Up 1.6%

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 business has a fifty day simple moving average of GBX 127.98 and a 200 day simple moving average of GBX 100.94. The stock has a market capitalization of £734.01 million, a price-to-earnings ratio of 1,333.33 and a beta of 1.42.

Jupiter Fund Management (LON:JUP - Get Free Report) last released its earnings results on Friday, July 25th. The company reported GBX 4.20 earnings per share (EPS) for the quarter. Jupiter Fund Management had a negative return on equity of 1.13% and a negative net margin of 2.34%. As a group, research analysts expect 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.