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

Key Points

• Jupiter Fund Management's stock price increased by 12%, reaching a last trading price of GBX 140 ($1.91) with a significant increase in trading volume.
• Analysts have mixed ratings on the stock, with one "Buy" and three "Hold" ratings, while the average price target has been set at GBX 105.
• The company reported a negative return on equity of 1.13% and a net margin of -2.34% in its latest quarterly earnings, indicating challenges ahead.

Jupiter Fund Management Plc (LON:JUP - Get Free Report)'s stock price shot up 12% during mid-day trading on Thursday . The company traded as high as GBX 144.14 ($1.95) and last traded at GBX 140 ($1.89). 5,486,280 shares were traded 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

A number of brokerages recently weighed in on JUP. Deutsche Bank Aktiengesellschaft upped their price target on shares of Jupiter Fund Management from GBX 110 to GBX 130 and gave the stock a "hold" rating in a research report on Friday, July 25th. Peel Hunt reiterated an "add" rating and set a GBX 90 target price on shares of Jupiter Fund Management in a report on Friday, July 25th. Finally, Canaccord Genuity Group upgraded Jupiter Fund Management to a "hold" rating and raised their target price for the company from GBX 60 to GBX 120 in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of GBX 105.

Jupiter Fund Management Stock Performance

The company has a market capitalization of £718.72 million, a price-to-earnings ratio of 1,305.56 and a beta of 1.42. The company has a current ratio of 1.70, a quick ratio of 1.79 and a debt-to-equity ratio of 11.23. The firm has a 50-day simple moving average of GBX 126.75 and a two-hundred day simple moving average of GBX 98.65.

Jupiter Fund Management (LON:JUP - Get Free Report) last posted its 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 net margin of 2.34% and a negative return on equity of 1.13%. As a group, sell-side analysts forecast that Jupiter Fund Management Plc will post 8.5093781 earnings per share 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.