Jupiter Fund Management (LON:JUP) Shares Up 12% - Here's What Happened

Key Points

• Jupiter Fund Management's stock price soared by 12% recently, reaching as high as GBX 144.14 ($1.95) before closing at GBX 140 ($1.90), with trading volume increasing by 158% compared to its average.
• Analysts have mixed views on the stock, with one giving a "Buy" rating and three assigning a "Hold" rating, while the current average target price stands at GBX 105.
• Despite the recent stock price increase, Jupiter Fund Management reported a negative net margin of 2.34% and a negative return on equity of 1.13% in its latest earnings report.

Jupiter Fund Management Plc (LON:JUP - Get Free Report)'s stock price rose 12% during mid-day 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 changed hands 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).

Analysts Set New Price Targets

JUP has been the subject of several analyst reports. Canaccord Genuity Group upgraded Jupiter Fund Management to a "hold" rating and increased their price objective for the company from GBX 60 to GBX 120 in a report on Wednesday, July 16th. Peel Hunt reaffirmed an "add" rating and set a GBX 90 price target on shares of Jupiter Fund Management in a research report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Jupiter Fund Management from GBX 110 to GBX 130 and gave the company a "hold" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of GBX 105.

Jupiter Fund Management Stock 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 firm's 50-day simple moving average is GBX 126.41 and its two-hundred day simple moving average is GBX 98.20. The company has a debt-to-equity ratio of 11.23, a quick ratio of 1.79 and a current ratio of 1.70.

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