Jupiter Fund Management (LON:JUP) Trading Up 10.7% Following Analyst Upgrade

Jupiter Fund Management Plc (LON:JUP - Get Free Report) was up 10.7% during mid-day trading on Friday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 90 to GBX 110. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Jupiter Fund Management traded as high as GBX 123 ($1.66) and last traded at GBX 120 ($1.62). Approximately 4,119,646 shares traded hands during mid-day trading, an increase of 114% from the average daily volume of 1,929,417 shares. The stock had previously closed at GBX 108.40 ($1.46).

Jupiter Fund Management Trading Down 0.2%

The company's 50 day simple moving average is GBX 91.89 and its 200 day simple moving average is GBX 81.90. The firm has a market cap of £635.26 million, a price-to-earnings ratio of -71.56 and a beta of 1.42. The company has a debt-to-equity ratio of 11.23, a current ratio of 1.70 and a quick ratio of 1.79.

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.