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

Key Points

• Jupiter Fund Management's share price increased by 12% to GBX 140 on Friday, significantly up from a previous closing of GBX 125 and achieving a trading volume surge of 158% from its average.
• Recent upgrades from analysts include Deutsche Bank raising its price target from GBX 110 to GBX 130, while Canaccord Genuity raised their target from GBX 60 to GBX 120, indicating a cautious yet optimistic outlook for the stock.
• The company reported a quarterly earnings per share (EPS) of GBX 4.20, along with negative margins and return on equity, highlighting financial challenges despite increasing market activity.

Jupiter Fund Management Plc (LON:JUP - Get Free Report) shot up 12% on Friday . The stock traded as high as GBX 144.14 ($1.95) and last traded at GBX 140 ($1.89). 5,486,280 shares changed hands during mid-day trading, an increase of 158% from the average session volume of 2,128,728 shares. The stock had previously closed at GBX 125 ($1.69).

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on JUP shares. Canaccord Genuity Group upgraded shares of Jupiter Fund Management to a "hold" rating and increased their target price for the stock from GBX 60 to GBX 120 in a report on Wednesday, July 16th. Peel Hunt reaffirmed an "add" rating and issued a GBX 90 target price on shares of Jupiter Fund Management in a research report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Jupiter Fund Management from GBX 110 to GBX 130 and gave the company a "hold" rating in a research 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of GBX 105.

Jupiter Fund Management Trading Down 0.3%

The stock has a market cap of £718.72 million, a price-to-earnings ratio of 1,305.56 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. The business's 50 day simple moving average is GBX 126.75 and its 200 day simple moving average is GBX 98.65.

Jupiter Fund Management (LON:JUP - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The company reported GBX 4.20 EPS for the quarter. Jupiter Fund Management had a negative net margin of 2.34% and a negative return on equity of 1.13%. On average, research analysts expect that Jupiter Fund Management Plc will post 8.5093781 EPS for the current fiscal 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.