Jupiter Fund Management (LON:JUP) Shares Up 12% - What's Next?

Key Points

• Jupiter Fund Management's shares rose by 12% during trading on Thursday, with a significant increase in trading volume, reaching GBX 140 ($1.91) compared to the previous closing of GBX 125 ($1.70).
• Analyst ratings for Jupiter Fund Management are mixed, with one "Buy" rating and three "Hold" ratings; the current consensus price target is GBX 105.
• The company reported a negative return on equity of 1.13% and a negative net margin of 2.34% during its last earnings report.

Jupiter Fund Management Plc (LON:JUP - Get Free Report) shares traded up 12% during trading on Thursday . The stock traded as high as GBX 144.14 ($1.94) and last traded at GBX 140 ($1.89). 5,486,280 shares traded hands during trading, an increase of 158% from the average session volume of 2,128,728 shares. The stock had previously closed at GBX 125 ($1.68).

Analysts Set New Price Targets

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Jupiter Fund Management from GBX 110 to GBX 130 and gave the company a "hold" rating in a report on Friday, July 25th. Canaccord Genuity Group raised shares of Jupiter Fund Management to a "hold" rating and increased their price objective for the company from GBX 60 to GBX 120 in a report on Wednesday, July 16th. Finally, Peel Hunt reissued an "add" rating and set a GBX 90 price objective on shares of Jupiter Fund Management in a report on Friday, July 25th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Jupiter Fund Management has a consensus rating of "Hold" and an average target price of GBX 105.

Jupiter Fund Management Stock Up 1.0%

The company's 50 day moving average price is GBX 126.41 and its two-hundred day moving average price is GBX 97.91. 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 £720.76 million, a P/E ratio of 1,309.26 and a beta of 1.42.

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

Jupiter Fund Management Company Profile

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.