Jupiter Fund Management (LON:JUP) Reaches New 12-Month High – Still a Buy?

Jupiter Fund Management Plc (LON:JUPGet Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 176.60 and last traded at GBX 175.40, with a volume of 2034526 shares. The stock had previously closed at GBX 170.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on JUP shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Jupiter Fund Management from GBX 150 to GBX 160 and gave the company a “hold” rating in a research note on Wednesday, December 3rd. Peel Hunt reaffirmed a “buy” rating and set a GBX 156 price objective on shares of Jupiter Fund Management in a research report on Wednesday, October 15th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of GBX 129.

Get Our Latest Research Report on JUP

Jupiter Fund Management Trading Up 2.4%

The firm’s 50 day moving average price is GBX 153.07 and its 200-day moving average price is GBX 139.21. The company has a debt-to-equity ratio of 11.23, a current ratio of 1.70 and a quick ratio of 1.79. The stock has a market cap of £886.93 million, a P/E ratio of 16.11 and a beta of 1.42.

About Jupiter Fund Management

(Get Free Report)

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.

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