Jupiter Fund Management (LON:JUP) Hits New 52-Week High - Time to Buy?

Key Points

• Jupiter Fund Management's stock reached a new 52-week high, trading at GBX 155.45 ($2.07) and closing at GBX 151.20 ($2.01) with a volume of 2,826,699 shares.
• Analysts have mixed ratings on the stock, with one "Buy" rating and three "Hold" ratings, while the consensus price target is GBX 108.75.
• Insider Willie Watt purchased 80,000 shares at an average cost of GBX 149, indicating confidence from corporate insiders in the company's future performance.

Jupiter Fund Management Plc (LON:JUP - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 155.45 ($2.07) and last traded at GBX 151.20 ($2.01), with a volume of 2826699 shares changing hands. The stock had previously closed at GBX 150 ($2.00).

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Canaccord Genuity Group upgraded shares of Jupiter Fund Management to a "hold" rating and upped their price target for the company from GBX 60 to GBX 120 in a report on Wednesday, July 16th. Peel Hunt reiterated an "add" rating and issued a GBX 90 price target on shares of Jupiter Fund Management in a report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Jupiter Fund Management from GBX 130 to GBX 145 and gave the company a "hold" rating in a report on Thursday, October 2nd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of GBX 108.75.

Jupiter Fund Management Price Performance

The company's fifty day moving average is GBX 132.15 and its 200 day moving average is GBX 106.34. The firm has a market cap of £745.23 million, a price-to-earnings ratio of 1,353.70 and a beta of 1.42. The company has a quick ratio of 1.79, a current ratio of 1.70 and a debt-to-equity ratio of 11.23.

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

Insider Buying and Selling

In related news, insider Willie Watt acquired 80,000 shares of the company's stock in a transaction dated Wednesday, October 8th. The shares were bought at an average cost of GBX 149 per share, with a total value of £119,200. 3.89% of the stock is currently owned by corporate 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.

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