Jupiter Fund Management (LON:JUP) Stock Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Jupiter Fund Management stock has surpassed its 200-day moving average, currently trading at GBX 118.60, indicating potential bullish activity.
• Analysts forecast a mix of ratings for Jupiter Fund Management, with one Buy rating and three Hold ratings, leading to an average price target of GBX 105.
• The company's latest earnings report showed a negative return on equity of -1.13% and a negative net margin of -2.34%, highlighting ongoing financial challenges.

Jupiter Fund Management Plc (LON:JUP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 94.75 ($1.28) and traded as high as GBX 120 ($1.62). Jupiter Fund Management shares last traded at GBX 118.60 ($1.60), with a volume of 563,449 shares trading hands.

Wall Street Analysts Forecast Growth

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

Jupiter Fund Management Trading Up 0.7%

The firm has a market capitalization of £601.74 million, a PE ratio of 1,098.15 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 business has a fifty day moving average price of GBX 122.94 and a two-hundred day moving average price of GBX 94.75.

Jupiter Fund Management (LON:JUP - Get Free Report) last announced 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%. Analysts expect 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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