Jupiter Fund Management (LON:JUP) Reaches New 12-Month High – Here’s Why

Jupiter Fund Management Plc (LON:JUP)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 156.40 and last traded at GBX 155.80, with a volume of 997308 shares changing hands. The stock had previously closed at GBX 153.20.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on JUP shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Jupiter Fund Management from GBX 150 to GBX 160 and gave the company a “hold” rating in a research note on Wednesday, December 3rd. Peel Hunt reiterated a “buy” rating and issued a GBX 156 price target on shares of Jupiter Fund Management in a research note on Wednesday, October 15th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Jupiter Fund Management presently has an average rating of “Hold” and an average target price of GBX 129.

Jupiter Fund Management Trading Down 0.1%

The company has a market cap of £788.04 million, a P/E ratio of 14.31 and a beta of 1.42. The business has a fifty day simple moving average of GBX 148.51 and a 200 day simple moving average of GBX 130.62. The company has a debt-to-equity ratio of 11.23, a quick ratio of 1.79 and a current ratio of 1.70.

Insider Activity

In related news, insider Willie Watt acquired 80,000 shares of Jupiter Fund Management stock in a transaction that occurred on Wednesday, October 8th. The stock was acquired at an average price of GBX 149 per share, for a total transaction of £119,200. Company insiders own 3.90% of the company’s stock.

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. Jupiter Fund Management Plc was founded in 1985 and is based in London, United Kingdom.