Jupiter Fund Management (LON:JUP) Reaches New 1-Year High – Time to Buy?

Jupiter Fund Management Plc (LON:JUP)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 188.80 and last traded at GBX 187.80, with a volume of 512475 shares changing hands. The stock had previously closed at GBX 183.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on JUP shares. Deutsche Bank Aktiengesellschaft boosted their target price on Jupiter Fund Management from GBX 150 to GBX 160 and gave the company a “hold” rating in a research report on Wednesday, December 3rd. Peel Hunt reissued a “buy” rating and set a GBX 156 price target on shares of Jupiter Fund Management in a research note on Wednesday, October 15th. 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, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 129.

Jupiter Fund Management Price Performance

The company has a debt-to-equity ratio of 11.23, a quick ratio of 1.79 and a current ratio of 1.70. The firm has a market capitalization of £950.14 million, a P/E ratio of 17.26 and a beta of 1.42. The stock’s 50 day simple moving average is GBX 156.95 and its 200 day simple moving average is GBX 142.35.

Jupiter Fund Management Company Profile

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.