Jupiter Fund Management (LON:JUP) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Jupiter Fund Management's stock price has crossed above its 200-day moving average, trading at GBX 148 ($1.98), indicating a potential bullish trend.
• Analysts have adjusted their price targets for the stock, with Deutsche Bank raising theirs from GBX 130 to GBX 145, while Peel Hunt set a target of GBX 156, maintaining a general consensus rating of "Hold."
• Insider activity includes a purchase of 80,000 shares by insider Willie Watt at an average price of GBX 149, reflecting confidence in the company’s prospects.

Jupiter Fund Management Plc (LON:JUP - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 109.20 ($1.46) and traded as high as GBX 148.20 ($1.98). Jupiter Fund Management shares last traded at GBX 148 ($1.98), with a volume of 1,749,834 shares.

Analysts Set New Price Targets

JUP has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on Jupiter Fund Management from GBX 130 to GBX 145 and gave the stock a "hold" rating in a research report on Thursday, October 2nd. Peel Hunt reissued a "buy" rating and issued a GBX 156 target price on shares of Jupiter Fund Management in a report on Wednesday, October 15th. Finally, Canaccord Genuity Group upgraded shares of Jupiter Fund Management to a "hold" rating and upped their price objective for the stock from GBX 60 to GBX 120 in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Jupiter Fund Management presently has a consensus rating of "Hold" and a consensus price target of GBX 125.25.

Jupiter Fund Management Stock Up 0.1%

The firm has a 50-day simple moving average of GBX 134.58 and a 200 day simple moving average of GBX 109.20. The stock has a market capitalization of £755.40 million, a P/E ratio of 13.72 and a beta of 1.42. The company has a debt-to-equity ratio of 11.23, a current ratio of 1.70 and a quick ratio of 1.79.

Jupiter Fund Management (LON:JUP - Get Free Report) last released its quarterly earnings results 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%. On average, equities research analysts forecast that Jupiter Fund Management Plc will post 8.5093781 EPS for the current year.

Insider Transactions at Jupiter Fund Management

In other Jupiter Fund Management news, insider Willie Watt purchased 80,000 shares of the company's stock in a transaction dated Wednesday, October 8th. The stock was purchased at an average price of GBX 149 per share, with a total value of £119,200. Company insiders own 3.89% of the company's stock.

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.

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