Jupiter Fund Management (LON:JUP) Trading Down 3.6% - Time to Sell?

Key Points

• Jupiter Fund Management's stock fell 3.6% to GBX 130.40 ($1.76) following a trading session with increased volume of over 2.19 million shares.
• Recent analyst reports have revised price targets for Jupiter, with Deutsche Bank raising it to GBX 110 and Canaccord Genuity to GBX 120, both maintaining a "hold" rating.
• The company's latest earnings report showed a loss with a revenue of GBX 4.20 per share, contributing to a negative return on equity of -1.13%.

Jupiter Fund Management Plc (LON:JUP - Get Free Report)'s stock price fell 3.6% on Friday . The company traded as low as GBX 128 ($1.73) and last traded at GBX 130.40 ($1.76). 2,191,686 shares were traded during mid-day trading, an increase of 15% from the average session volume of 1,899,003 shares. The stock had previously closed at GBX 135.20 ($1.83).

Wall Street Analyst Weigh In

JUP has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of 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, July 11th. Canaccord Genuity Group raised shares of Jupiter Fund Management to a "hold" rating and upped their price objective for the company from GBX 60 ($0.81) to GBX 120 ($1.62) in a report on Wednesday, July 16th.

Jupiter Fund Management Stock Performance

The company has a 50-day moving average price of GBX 101.38 and a two-hundred day moving average price of GBX 84.66. The stock has a market capitalization of £664.97 million, a P/E ratio of -74.91 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.

Jupiter Fund Management (LON:JUP - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The company reported GBX 4.20 ($0.06) earnings per share for the quarter. Jupiter Fund Management had a negative return on equity of 1.13% and a negative net margin of 2.34%. Equities analysts expect that Jupiter Fund Management Plc will post 8.5093781 earnings per share for the current year.

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.

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