Jupiter Fund Management (LON:JUP) Shares Up 2.2% – Here’s Why

Jupiter Fund Management Plc (LON:JUP) shares were up 2.2% on Thursday . The stock traded as high as GBX 189 and last traded at GBX 188. 1,352,438 shares changed 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.

Analyst Ratings Changes

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

Jupiter Fund Management Stock Up 6.3%

The firm has a market capitalization of £1.02 billion, a price-to-earnings ratio of 18.50 and a beta of 1.42. 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 business has a fifty day moving average price of GBX 178 and a two-hundred day moving average price of GBX 153.50.

Jupiter Fund Management (LON:JUP) last issued its earnings results on Thursday, February 26th. The company reported GBX 19.40 EPS 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 expect that Jupiter Fund Management Plc will post 8.5093781 earnings per share for the current 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.