Jupiter Fund Management (LON:JUP) Trading 10.7% Higher - What's Next?

Jupiter Fund Management Plc (LON:JUP - Get Free Report)'s stock price was up 10.7% during trading on Thursday . The company traded as high as GBX 123 ($1.66) and last traded at GBX 120 ($1.62). Approximately 4,119,646 shares traded hands during mid-day trading, an increase of 114% from the average daily volume of 1,929,417 shares. The stock had previously closed at GBX 108.40 ($1.46).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on Jupiter Fund Management from GBX 90 ($1.21) to GBX 110 ($1.48) and gave the company a "hold" rating in a report on Friday.

Jupiter Fund Management Stock Up 3.5%

The firm has a 50 day moving average of GBX 90.93 and a two-hundred day moving average of GBX 81.70. The stock has a market capitalization of £636.28 million, a PE ratio of -71.68 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.

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.