Jupiter Fund Management (LON:JUP) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Jupiter Fund Management Plc (LON:JUP) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 169.54 and traded as low as GBX 160.20. Jupiter Fund Management shares last traded at GBX 163.80, with a volume of 646,789 shares traded.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on Jupiter Fund Management from GBX 180 to GBX 190 and gave the company a “hold” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Jupiter Fund Management presently has a consensus rating of “Hold” and a consensus target price of GBX 155.33.

Jupiter Fund Management Trading Up 0.4%

The stock has a market cap of £825.26 million, a price-to-earnings ratio of 9.18 and a beta of 1.29. The business’s fifty day simple moving average is GBX 161.46 and its 200 day simple moving average is GBX 169.50. The company has a debt-to-equity ratio of 4.27, a current ratio of 2.46 and a quick ratio of 1.79.

Jupiter Fund Management announced that its Board of Directors has authorized a share buyback program on Wednesday, April 8th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Jupiter Fund Management

In related news, insider Wayne Mepham sold 30,123 shares of the stock in a transaction dated Monday, April 13th. The shares were sold at an average price of GBX 157, for a total transaction of £47,293.11. Also, insider Matthew Beesley sold 23,463 shares of the stock in a transaction dated Monday, April 13th. The stock was sold at an average price of GBX 158, for a total transaction of £37,071.54. Company insiders own 4.09% of the company’s stock.

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.