Jupiter Fund Management (LON:JUP) Reaches New 12-Month High – What’s Next?

Shares of Jupiter Fund Management Plc (LON:JUP) reached a new 52-week high on Tuesday . The company traded as high as GBX 197 and last traded at GBX 196.81, with a volume of 790857 shares trading hands. The stock had previously closed at GBX 194.20.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on JUP. Deutsche Bank Aktiengesellschaft raised their price objective 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. Peel Hunt reissued a “buy” rating and set a GBX 156 target price 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 two have assigned a Hold rating to the company. Based on data from MarketBeat, Jupiter Fund Management has an average rating of “Hold” and a consensus price target of GBX 150.33.

Jupiter Fund Management Stock Up 0.9%

The business has a 50-day moving average of GBX 168.85 and a 200 day moving average of GBX 148.58. The company has a market capitalization of £999.07 million, a PE ratio of 18.15 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.

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.