Jupiter Fund Management (LON:JUP) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Jupiter Fund Management Plc (LON:JUP)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 162.82 and traded as high as GBX 167.20. Jupiter Fund Management shares last traded at GBX 165.46, with a volume of 1,500,526 shares trading hands.

Wall Street Analysts Forecast Growth

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

Jupiter Fund Management Price Performance

The firm has a market capitalization of £851.25 million, a price-to-earnings ratio of 15.46 and a beta of 1.42. The stock has a fifty day moving average of GBX 182.90 and a two-hundred day moving average of GBX 162.91.

Jupiter Fund Management (LON:JUP) last announced its earnings results on Thursday, February 26th. The company reported GBX 19.40 EPS for the quarter. Jupiter Fund Management had a return on equity of 11.49% and a net margin of 21.19%. On average, research analysts forecast that Jupiter Fund Management Plc will post 8.5093781 EPS for the current year.

Insider Buying and Selling

In related news, insider James Macpherson acquired 30,000 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were bought at an average cost of GBX 194 per share, with a total value of £58,200. Also, insider Wayne Mepham sold 206,766 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of GBX 195, for a total value of £403,193.70. 3.97% of the stock is owned by insiders.

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.