Jupiter Fund Management (LON:JUP) Share Price Crosses Below 200 Day Moving Average - What's Next?

Key Points

• Jupiter Fund Management shares fell below their 200-day moving average, trading as low as GBX 162 before last trading at GBX 165.40, compared with the 200-day average of GBX 169.52.
• Analysts maintain a generally positive outlook: the consensus rating is “Moderate Buy” with a GBX 173 price target, while Deutsche Bank raised its target to GBX 190 but retained a “Hold” rating.
• The company reported quarterly earnings of GBX 7.20 per share, with a 19.32% net margin and 11.59% return on equity; two insiders also bought shares at GBX 164 each.

Jupiter Fund Management Plc (LON:JUP - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 169.52 and traded as low as GBX 162. Jupiter Fund Management shares last traded at GBX 165.40, with a volume of 745,979 shares.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Jupiter Fund Management from GBX 180 to GBX 190 and gave the company a "hold" rating in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 173.

Jupiter Fund Management Price Performance

The stock's fifty day moving average price is GBX 166.51 and its 200-day moving average price is GBX 169.52. The firm has a market cap of £828.90 million, a price-to-earnings ratio of 8.94 and a beta of 1.30. The company has a current ratio of 1.58, a quick ratio of 1.79 and a debt-to-equity ratio of 4.75.

Jupiter Fund Management (LON:JUP - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The company reported GBX 7.20 EPS for the quarter. Jupiter Fund Management had a net margin of 19.32% and a return on equity of 11.59%. As a group, equities research analysts forecast that Jupiter Fund Management Plc will post 8.5093781 earnings per share for the current fiscal year.

Insider Buying and Selling at Jupiter Fund Management

In other Jupiter Fund Management news, insider Matthew Beesley purchased 671 shares of the stock in a transaction dated Wednesday, May 27th. The stock was acquired at an average cost of GBX 164 per share, for a total transaction of £1,100.44. Also, insider Wayne Mepham acquired 765 shares of the business's stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average cost of GBX 164 per share, with a total value of £1,254.60. 4.14% of the stock is owned by company 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. Jupiter Fund Management Plc was founded in 1985 and is based in London, United Kingdom.

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