Jupiter Fund Management (LON:JUP) Sets New 52-Week High – Should You Buy?

Jupiter Fund Management Plc (LON:JUP) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 197 and last traded at GBX 196.81, with a volume of 790857 shares traded. The stock had previously closed at GBX 194.20.

Analyst Ratings Changes

JUP has been the subject of several analyst reports. Peel Hunt reaffirmed a “buy” rating and issued a GBX 156 price objective on shares of Jupiter Fund Management in a research note on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Jupiter Fund Management from GBX 165 to GBX 175 and gave the stock a “hold” rating in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Jupiter Fund Management has an average rating of “Hold” and a consensus target price of GBX 150.33.

Jupiter Fund Management Price Performance

The stock’s 50 day moving average price is GBX 168.85 and its 200-day moving average price is GBX 148.58. 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 stock has a market capitalization of £999.07 million, a PE ratio of 18.15 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. Jupiter Fund Management Plc was founded in 1985 and is based in London, United Kingdom.