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

Key Points

• Jupiter Fund Management's stock surged 12% during mid-day trading, reaching a last price of GBX 140 ($1.91), with a trading volume significantly above its average.
• Analysts have set new price targets for the stock, with Deutsche Bank raising its target from GBX 110 to GBX 130 and Canaccord Genuity increasing its target from GBX 60 to GBX 120, indicating a mixed consensus rating of "Hold."
• The company reported a negative net margin of 2.34% and an EPS of GBX 4.20 for the last quarter, with expectations to post approximately 8.51 EPS for the current fiscal year.

Jupiter Fund Management Plc (LON:JUP - Get Free Report)'s share price shot up 12% during mid-day trading on Thursday . The company traded as high as GBX 144.14 ($1.94) 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 ($1.68).

Analyst Ratings Changes

A number of brokerages recently issued reports on JUP. Canaccord Genuity Group upgraded shares of Jupiter Fund Management to a "hold" rating and upped their price target for the stock from GBX 60 to GBX 120 in a research note on Wednesday, July 16th. 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 note on Friday, July 25th. Finally, Peel Hunt reiterated an "add" rating and issued a GBX 90 price target on shares of Jupiter Fund Management in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Jupiter Fund Management presently has an average rating of "Hold" and a consensus price target of GBX 105.

Jupiter Fund Management Stock Up 1.0%

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 market cap of £720.76 million, a P/E ratio of 1,309.26 and a beta of 1.42. The company's 50 day simple moving average is GBX 126.41 and its 200-day simple moving average is GBX 98.20.

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%. Research 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.