Jupiter Fund Management (LON:JUP) Trading Up 14.5% - Time to Buy?

Key Points

• Jupiter Fund Management's stock price surged by 14.5% on Thursday, reaching GBX 143.18 ($1.95) with significant trading volume, up 741% compared to average levels.
• Analysts maintain a consensus rating of "Hold" on the stock, with price targets varying from GBX 90 to GBX 130.
• The company reported GBX 4.20 earnings per share and is expected to post approximately 8.51 EPS for the current fiscal year.

Shares of Jupiter Fund Management Plc (LON:JUP - Get Free Report) were up 14.5% during trading on Thursday . The company traded as high as GBX 143.20 ($1.93) and last traded at GBX 143.18 ($1.93). Approximately 18,513,625 shares were traded during mid-day trading, an increase of 741% from the average daily volume of 2,200,702 shares. The stock had previously closed at GBX 125 ($1.68).

Analyst Upgrades and Downgrades

A number of analysts have commented on JUP shares. Deutsche Bank Aktiengesellschaft raised their price objective on Jupiter Fund Management from GBX 110 to GBX 130 and gave the stock a "hold" rating in a research report on Friday, July 25th. Canaccord Genuity Group raised Jupiter Fund Management to a "hold" rating and raised their price target for the company from GBX 60 to GBX 120 in a report on Wednesday, July 16th. Finally, Peel Hunt reiterated an "add" rating and issued a GBX 90 price objective on shares of Jupiter Fund Management in a research 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of GBX 105.

Jupiter Fund Management Trading Down 0.3%

The company has a quick ratio of 1.79, a current ratio of 1.70 and a debt-to-equity ratio of 11.23. The company has a market cap of £718.72 million, a P/E ratio of 1,305.56 and a beta of 1.42. The business has a fifty day moving average price of GBX 126.41 and a 200-day moving average price of GBX 98.20.

Jupiter Fund Management (LON:JUP - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The company reported GBX 4.20 earnings per share (EPS) 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, 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.