Peel Hunt Reiterates "Buy" Rating for Jupiter Fund Management (LON:JUP)

Key Points

• Peel Hunt has reiterated a "Buy" rating for Jupiter Fund Management and set a target price of GBX 156, indicating a potential upside of 5.67% from the current stock price.
• The stock has experienced a twelve-month range with a low of GBX 64.70 and a high of GBX 155.45, and it traded at GBX 147.63 during recent mid-day trading.
• Insider Willie Watt purchased 80,000 shares of the company at an average cost of GBX 149, reflecting corporate confidence in the firm's prospects.

Jupiter Fund Management (LON:JUP - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Peel Hunt in a report released on Wednesday,Digital Look reports. They presently have a GBX 156 target price on the stock. Peel Hunt's price objective would suggest a potential upside of 5.67% from the stock's current price.

A number of other equities analysts also recently commented on the company. Canaccord Genuity Group upgraded Jupiter Fund Management to a "hold" rating and lifted their target price for the company from GBX 60 to GBX 120 in a research note on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on Jupiter Fund Management from GBX 130 to GBX 145 and gave the company a "hold" rating in a research report on Thursday, October 2nd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of GBX 125.25.

Jupiter Fund Management Stock Performance

Jupiter Fund Management stock traded down GBX 3.57 during mid-day trading on Wednesday, reaching GBX 147.63. The company's stock had a trading volume of 2,617,378 shares, compared to its average volume of 2,069,031. The company has a current ratio of 1.70, a quick ratio of 1.79 and a debt-to-equity ratio of 11.23. Jupiter Fund Management has a twelve month low of GBX 64.70 and a twelve month high of GBX 155.45. The business has a 50 day moving average price of GBX 132.15 and a 200-day moving average price of GBX 106.34. The firm has a market cap of £752.51 million, a price-to-earnings ratio of 1,366.94 and a beta of 1.42.

Jupiter Fund Management (LON:JUP - Get Free Report) last issued its earnings results on Friday, July 25th. The company reported GBX 4.20 earnings per share for the quarter. Jupiter Fund Management had a negative net margin of 2.34% and a negative return on equity of 1.13%. Sell-side analysts predict that Jupiter Fund Management will post 8.5093781 EPS for the current fiscal year.

Insider Buying and Selling at Jupiter Fund Management

In related news, insider Willie Watt acquired 80,000 shares of the firm's stock in a transaction dated Wednesday, October 8th. The stock was acquired at an average cost of GBX 149 per share, for a total transaction of £119,200. 3.89% of the stock is currently owned by corporate insiders.

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.

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