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

Jupiter Fund Management Plc (LON:JUP - Get Free Report) reached a new 52-week high on Monday . The company traded as high as GBX 152.80 ($2.05) and last traded at GBX 150.32 ($2.02), with a volume of 482623 shares changing hands. The stock had previously closed at GBX 150.60 ($2.02).

Analyst Upgrades and Downgrades

JUP has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on Jupiter Fund Management from GBX 130 to GBX 145 and gave the company a "hold" rating in a research note on Thursday. 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. Finally, Canaccord Genuity Group raised Jupiter Fund Management to a "hold" rating and lifted their price objective for the company from GBX 60 to GBX 120 in a report on Wednesday, July 16th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of GBX 108.75.

Jupiter Fund Management Price Performance

The stock has a fifty day moving average of GBX 129.19 and a two-hundred day moving average of GBX 102.95. 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 has a market capitalization of £764.60 million, a price-to-earnings ratio of 1,388.89 and a beta of 1.42.

Jupiter Fund Management (LON:JUP - Get Free Report) last announced its earnings results on Friday, July 25th. The company reported GBX 4.20 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, equities research analysts forecast that Jupiter Fund Management Plc will post 8.5093781 earnings per share for the current year.

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.

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.