Jupiter Fund Management (LON:JUP) Trading 14.7% Higher - Time to Buy?

Key Points

• Jupiter Fund Management shares experienced a significant increase of 14.7%, reaching GBX 143.40 ($1.95) during trading on Thursday, with trading volume up 776% compared to its average.
• Analyst upgrades include a price target increase from GBX 60 to GBX 120 by Canaccord Genuity, and Deutsche Bank raised its target from GBX 110 to GBX 130, with current ratings predominantly at "Hold".
• Despite the stock's surge, Jupiter Fund Management reported a negative net margin of -2.34% and a return on equity of -1.13%, raising concerns about its financial performance.

Jupiter Fund Management Plc (LON:JUP - Get Free Report)'s stock price traded up 14.7% during trading on Thursday . The stock traded as high as GBX 144 ($1.94) and last traded at GBX 143.40 ($1.93). 19,320,600 shares were traded during mid-day trading, an increase of 776% from the average session volume of 2,205,161 shares. The stock had previously closed at GBX 125 ($1.68).

Analyst Upgrades and Downgrades

Several research firms recently commented on JUP. 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. Deutsche Bank Aktiengesellschaft upped their price target on shares of Jupiter Fund Management from GBX 110 to GBX 130 and gave the company a "hold" rating in a research note on Friday, July 25th. Finally, Canaccord Genuity Group raised shares of Jupiter Fund Management to a "hold" rating and upped 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of GBX 105.

Jupiter Fund Management Price Performance

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's 50-day simple moving average is GBX 126.41 and its two-hundred day simple moving average is GBX 98.20. The company has a market capitalization of £718.72 million, a price-to-earnings ratio of 1,305.56 and a beta of 1.42.

Jupiter Fund Management (LON:JUP - Get Free Report) last issued its earnings results on Friday, July 25th. The company reported GBX 4.20 EPS for the quarter. Jupiter Fund Management had a negative net margin of 2.34% and a negative return on equity of 1.13%. Equities research analysts predict 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.