Jupiter Fund Management (LON:JUP) Shares Up 2.2% – Still a Buy?

Jupiter Fund Management Plc (LON:JUP) shares were up 2.2% during trading on Thursday . The company traded as high as GBX 189 and last traded at GBX 188. Approximately 1,352,438 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 3,441,110 shares. The stock had previously closed at GBX 184.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised their price target on shares of Jupiter Fund Management from GBX 165 to GBX 175 and gave the company a “hold” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Jupiter Fund Management has a consensus rating of “Hold” and an average target price of GBX 150.33.

Jupiter Fund Management Price Performance

The stock’s 50 day moving average is GBX 178 and its two-hundred day moving average is GBX 153.50. 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 stock has a market capitalization of £1.02 billion, a PE ratio of 18.50 and a beta of 1.42.

Jupiter Fund Management (LON:JUP) last released its earnings results on Thursday, February 26th. The company reported GBX 19.40 earnings per share for the quarter. Jupiter Fund Management had a negative return on equity of 1.13% and a negative net margin of 2.34%. On average, equities analysts anticipate that Jupiter Fund Management Plc will post 8.5093781 EPS for the current fiscal year.

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.