Jupiter Fund Management (LON:JUP) Rating Increased 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.com reports. They currently have GBX 120 ($1.61) price objective on the stock, up from their prior price objective of GBX 60 ($0.81).

Separately, Deutsche Bank Aktiengesellschaft raised their target price on 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.

Jupiter Fund Management Trading Up 2.0%

Shares of LON JUP traded up GBX 2.60 ($0.03) during midday trading on Wednesday, hitting GBX 131.40 ($1.76). The stock had a trading volume of 2,445,450 shares, compared to its average volume of 1,922,495. The company has a market capitalization of £673.17 million, a price-to-earnings ratio of -75.83 and a beta of 1.42. Jupiter Fund Management has a 1-year low of GBX 64.70 ($0.87) and a 1-year high of GBX 131.60 ($1.77). 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 fifty day moving average price of GBX 96.96 and a 200 day moving average price of GBX 83.37.

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.