Jupiter Fund Management (LON:JUP) Upgraded to Hold at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Jupiter Fund Management (LON:JUP - Free Report) to a hold rating in a research note published on Wednesday morning, MarketBeat Ratings reports. Canaccord Genuity Group currently has GBX 120 ($1.61) price objective on the stock, up from their prior price objective of GBX 60 ($0.81).

Separately, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Jupiter Fund Management from GBX 90 ($1.21) to GBX 110 ($1.48) and gave the company a "hold" rating in a report on Friday, July 11th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Jupiter Fund Management presently has an average rating of "Hold" and a consensus target price of GBX 100.25 ($1.35).

Jupiter Fund Management Price Performance

Shares of JUP traded up GBX 2.60 ($0.03) during mid-day trading on Wednesday, reaching GBX 131.40 ($1.76). 2,443,950 shares of the company's stock were exchanged, compared to its average volume of 1,922,484. The company has a quick ratio of 1.79, a current ratio of 1.70 and a debt-to-equity ratio of 11.23. The company has a 50-day simple moving average of GBX 95.89 and a two-hundred day simple moving average of GBX 83.06. Jupiter Fund Management has a 52-week low of GBX 64.70 ($0.87) and a 52-week high of GBX 131.60 ($1.77). The company has a market cap of £673.17 million, a price-to-earnings ratio of -75.83 and a beta of 1.42.

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.