Jupiter Fund Management (LON:JUP) Stock Price Up 10.7% - Here's What Happened

Jupiter Fund Management Plc (LON:JUP - Get Free Report) shares traded up 10.7% during mid-day trading on Thursday . The stock traded as high as GBX 123 ($1.67) and last traded at GBX 120 ($1.63). 4,119,646 shares traded hands during mid-day trading, an increase of 114% from the average session volume of 1,929,417 shares. The stock had previously closed at GBX 108.40 ($1.47).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised their target price on shares of Jupiter Fund Management from GBX 90 ($1.22) to GBX 110 ($1.49) and gave the stock a "hold" rating in a research report on Friday.

Jupiter Fund Management Price Performance

The company's fifty day moving average is GBX 90.93 and its 200 day moving average is GBX 81.70. The company has a quick ratio of 1.79, a current ratio of 1.70 and a debt-to-equity ratio of 11.23. The stock has a market cap of £636.28 million, a PE ratio of -71.68 and a beta of 1.42.

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.