Jupiter Fund Management (LON:JUP) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Jupiter Fund Management's stock recently crossed above its 200-day moving average, currently trading at GBX 126.40 ($1.70), surpassing the average of GBX 90.99 ($1.22).
• Analysts have provided mixed ratings, with Canaccord Genuity upgrading to a "hold" and raising the price target to GBX 120, while Deutsche Bank also set a hold rating with a price target of GBX 130.
• The company's recent earnings report revealed a negative net margin of 2.34% and a negative return on equity of 1.13%, with analysts forecasted EPS of approximately 8.51 for the current fiscal year.

Shares of Jupiter Fund Management Plc (LON:JUP - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 90.99 ($1.23) and traded as high as GBX 127.60 ($1.72). Jupiter Fund Management shares last traded at GBX 126.40 ($1.71), with a volume of 710,134 shares traded.

Analysts Set New Price Targets

A number of equities analysts have weighed in on JUP shares. Deutsche Bank Aktiengesellschaft lifted their price objective 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. Peel Hunt restated an "add" rating and set a GBX 90 price target on shares of Jupiter Fund Management in a research report on Friday, July 25th. Finally, Canaccord Genuity Group upgraded Jupiter Fund Management to a "hold" rating and lifted their price target for the company from GBX 60 to GBX 120 in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Jupiter Fund Management presently has a consensus rating of "Hold" and a consensus target price of GBX 105.

Jupiter Fund Management Stock Up 1.9%

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 business has a 50-day moving average price of GBX 117.59 and a 200-day moving average price of GBX 91.85. The firm has a market capitalization of £662.92 million, a PE ratio of -74.68 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 (EPS) for the quarter. Jupiter Fund Management had a negative return on equity of 1.13% and a negative net margin of 2.34%. Equities research analysts forecast that Jupiter Fund Management Plc will post 8.5093781 earnings per share 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.