Jupiter Fund Management (LON:JUP) Stock Price Up 12% - Should You Buy?

Key Points

• Jupiter Fund Management's share price increased by 12% to GBX 140 ($1.90), significantly above its previous closing price of GBX 125 ($1.69) during recent trading.
• A number of analysts have upgraded their target prices for the stock, with Canaccord Genuity raising it from GBX 60 to GBX 120 and Deutsche Bank increasing theirs from GBX 110 to GBX 130, both maintaining a "hold" rating.
• The company has a market capitalization of £710.56 million, with analysts anticipating earnings per share of approximately 8.51 for the current fiscal year.

Jupiter Fund Management Plc (LON:JUP - Get Free Report) shares rose 12% on Friday . The stock traded as high as GBX 144.14 ($1.94) and last traded at GBX 140 ($1.89). Approximately 5,486,280 shares were traded during mid-day trading, an increase of 158% from the average daily volume of 2,128,728 shares. The stock had previously closed at GBX 125 ($1.68).

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JUP. Canaccord Genuity Group upgraded shares of Jupiter Fund Management to a "hold" rating and upped their target price for the stock from GBX 60 to GBX 120 in a research report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Jupiter Fund Management from GBX 110 to GBX 130 and gave the company a "hold" rating in a report on Friday, July 25th. Finally, Peel Hunt reissued an "add" rating and issued a GBX 90 price target on shares of Jupiter Fund Management 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 a consensus rating of "Hold" and an average target price of GBX 105.

Jupiter Fund Management Price Performance

The stock has a market capitalization of £720.76 million, a P/E ratio of 1,309.26 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 company has a fifty day simple moving average of GBX 126.41 and a two-hundred day simple moving average of GBX 98.06.

Jupiter Fund Management (LON:JUP - Get Free Report) last announced its quarterly earnings data 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%. Sell-side 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.