Jupiter Fund Management (LON:JUP) Shares Up 12% - Time to Buy?

Key Points

• Jupiter Fund Management's stock price surged 12% on Thursday, reaching a high of GBX 144.14 before settling at GBX 140, with a significant increase in trading volume.
• Analysts mostly maintain a "Hold" rating for Jupiter Fund, with average price targets ranging from GBX 90 to GBX 130, reflecting a cautious outlook.
• The company reported earnings per share of GBX 4.20 in its most recent quarter, though it posted negative returns on equity and net margins, indicating potential challenges ahead.

Jupiter Fund Management Plc (LON:JUP - Get Free Report)'s stock price rose 12% during trading on Thursday . 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 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

Several analysts recently issued reports on the company. 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. Canaccord Genuity Group raised Jupiter Fund Management to a "hold" rating and increased their target price for the stock from GBX 60 to GBX 120 in a research report on Wednesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft boosted 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. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of GBX 105.

Jupiter Fund Management Stock Up 1.0%

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 firm has a market capitalization of £720.76 million, a P/E ratio of 1,309.26 and a beta of 1.42. The firm's fifty day moving average price is GBX 126.41 and its 200-day moving average price is GBX 97.91.

Jupiter Fund Management (LON:JUP - Get Free Report) last released its 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%. As a group, equities research analysts forecast that Jupiter Fund Management Plc will post 8.5093781 earnings per share for the current 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.