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

Key Points

• Jupiter Fund Management's shares increased by 12% on Thursday, reaching a last traded price of GBX 140 ($1.91), significantly higher than its previous close of GBX 125 ($1.70).
• Multiple analysts have revised their price targets, with Canaccord Genuity raising their target to GBX 120 and Deutsche Bank targeting GBX 130, indicating a positive sentiment for the stock.
• The company reported a quarterly earnings per share of GBX 4.20, but has a negative return on equity of -1.13%, raising concerns about profitability.

Shares of Jupiter Fund Management Plc (LON:JUP - Get Free Report) shot up 12% on Thursday . The stock traded as high as GBX 144.14 ($1.96) and last traded at GBX 140 ($1.91). 5,486,280 shares traded hands during mid-day trading, an increase of 158% from the average session volume of 2,128,728 shares. The stock had previously closed at GBX 125 ($1.70).

Analysts Set New Price Targets

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

Jupiter Fund Management Trading Up 12.0%

The company has a market cap of £713.62 million, a PE ratio of 1,296.30 and a beta of 1.42. 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 50 day moving average price of GBX 125.67 and a 200 day moving average price of GBX 97.

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

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