Jupiter Fund Management (LON:JUP) Reaches New 52-Week High – Here’s What Happened

Jupiter Fund Management Plc (LON:JUP) reached a new 52-week high on Thursday . The company traded as high as GBX 174.20 and last traded at GBX 171.40, with a volume of 5407326 shares. The stock had previously closed at GBX 173.40.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Jupiter Fund Management from GBX 150 to GBX 160 and gave the company a “hold” rating in a report on Wednesday, December 3rd. Peel Hunt reissued 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 analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 129.

Jupiter Fund Management Stock Down 0.1%

The company has a market capitalization of £872.66 million, a PE ratio of 15.85 and a beta of 1.42. The company has a current ratio of 1.70, a quick ratio of 1.79 and a debt-to-equity ratio of 11.23. The business has a fifty day moving average of GBX 151.53 and a 200 day moving average of GBX 136.85.

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.