Jupiter Fund Management (LON:JUP) Stock Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Jupiter Fund Management's stock has recently surpassed its 200-day moving average, indicating a potential shift in market sentiment.
• An analyst at Deutsche Bank has increased their price target for the stock from GBX 110 to GBX 130, maintaining a "hold" rating.
• The company reported a negative return on equity of 1.13% and a negative net margin of 2.34% in its latest quarterly earnings data.

Shares of Jupiter Fund Management Plc (LON:JUP - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 93.03 ($1.26) and traded as high as GBX 128.60 ($1.74). Jupiter Fund Management shares last traded at GBX 127.80 ($1.73), with a volume of 550,499 shares traded.

Analyst Ratings Changes

JUP has been the subject of several recent analyst reports. Peel Hunt restated an "add" rating and issued a GBX 90 target price on shares of Jupiter Fund Management in a research note on Friday, July 25th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Jupiter Fund Management from GBX 110 to GBX 130 and gave the stock a "hold" rating in a research note on Friday, July 25th. Finally, Canaccord Genuity Group upgraded shares of Jupiter Fund Management to a "hold" rating and raised their target price for the stock from GBX 60 to GBX 120 in a research note on Wednesday, July 16th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Jupiter Fund Management has an average rating of "Hold" and a consensus price target of GBX 105.

Jupiter Fund Management Price Performance

The company has a debt-to-equity ratio of 11.23, a current ratio of 1.70 and a quick ratio of 1.79. The company's 50 day moving average is GBX 120.75 and its 200 day moving average is GBX 93.58. The stock has a market cap of £635.23 million, a price-to-earnings ratio of 1,159.26 and a beta of 1.42.

Jupiter Fund Management (LON:JUP - Get Free Report) last announced its quarterly earnings data 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%. Research analysts forecast that Jupiter Fund Management Plc will post 8.5093781 earnings per share for the current fiscal 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.