Jupiter Fund Management (LON:JUP) Shares Up 10.7% - Here's Why

Jupiter Fund Management Plc (LON:JUP - Get Free Report) shot up 10.7% on Thursday . The company traded as high as GBX 123 ($1.67) and last traded at GBX 120 ($1.63). 4,119,646 shares changed hands during mid-day trading, an increase of 114% from the average session volume of 1,929,417 shares. The stock had previously closed at GBX 108.40 ($1.47).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on Jupiter Fund Management from GBX 90 ($1.22) to GBX 110 ($1.49) and gave the company a "hold" rating in a report on Friday.

Jupiter Fund Management Price Performance

The stock has a fifty day moving average of GBX 90.93 and a 200-day moving average of GBX 81.70. The firm has a market capitalization of £636.28 million, a P/E ratio of -71.68 and a beta of 1.42. The company has a quick ratio of 1.79, a current ratio of 1.70 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.