Jupiter Fund Management (LON:JUP) Hits New 1-Year High Following Analyst Upgrade

Shares of Jupiter Fund Management Plc (LON:JUP - Get Free Report) reached a new 52-week high during trading on Monday after Canaccord Genuity Group upgraded the stock to a hold rating. Canaccord Genuity Group now has a GBX 120 price target on the stock, up from their previous price target of GBX 60. Jupiter Fund Management traded as high as GBX 124.60 ($1.67) and last traded at GBX 123.80 ($1.66), with a volume of 779935 shares. The stock had previously closed at GBX 124.20 ($1.67).

Separately, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Jupiter Fund Management from GBX 90 ($1.21) to GBX 110 ($1.48) and gave the company a "hold" rating in a report on Friday, July 11th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, Jupiter Fund Management has an average rating of "Hold" and a consensus price target of GBX 100.25 ($1.35).

Jupiter Fund Management Trading Up 2.7%

The stock has a market cap of £659.85 million, a P/E ratio of -74.33 and a beta of 1.42. The company has a current ratio of 1.70, a quick ratio of 1.79 and a debt-to-equity ratio of 11.23. The stock's fifty day moving average price is GBX 95.89 and its 200 day moving average price is GBX 83.06.

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.