Jupiter Fund Management (LON:JUP) Trading 12% Higher - Still a Buy?

Key Points

• Jupiter Fund Management's shares increased by 12% during trading on Thursday, reaching a high of GBX 144.14 ($1.95) and closing at GBX 140 ($1.90).
• Recent analyst reports have resulted in upgrades and hold ratings for the stock, with a consensus rating of "Hold" and an average price target of GBX 105.
• The company reported a negative return on equity of 1.13% and a negative net margin of 2.34% for the last quarter.

Shares of Jupiter Fund Management Plc (LON:JUP - Get Free Report) traded up 12% during trading on Thursday . The stock traded as high as GBX 144.14 ($1.95) and last traded at GBX 140 ($1.89). 5,486,280 shares changed hands during 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).

Analyst Upgrades and Downgrades

Several equities analysts recently commented on JUP shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Jupiter Fund Management from GBX 110 to GBX 130 and gave the company a "hold" rating in a research report on Friday, July 25th. Peel Hunt reaffirmed an "add" rating and set a GBX 90 price objective on shares of Jupiter Fund Management in a research note on Friday, July 25th. Finally, Canaccord Genuity Group raised shares of Jupiter Fund Management to a "hold" rating and raised their price objective for the stock from GBX 60 to GBX 120 in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Jupiter Fund Management has a consensus rating of "Hold" and a consensus price target of GBX 105.

Jupiter Fund Management Stock Down 0.3%

The business has a fifty day simple moving average of GBX 126.75 and a two-hundred day simple moving average of GBX 98.65. 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 company has a market cap of £718.72 million, a PE ratio of 1,305.56 and a beta of 1.42.

Jupiter Fund Management (LON:JUP - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The company reported GBX 4.20 EPS for the quarter. Jupiter Fund Management had a negative return on equity of 1.13% and a negative net margin of 2.34%. As a group, equities research analysts predict 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.