Jupiter Fund Management (LON:JUP) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Jupiter Fund Management Plc (LON:JUP) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 109.20 ($1.46) and traded as high as GBX 148.20 ($1.98). Jupiter Fund Management shares last traded at GBX 148 ($1.98), with a volume of 1,749,834 shares.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Peel Hunt reissued a “buy” rating and set a GBX 156 target price on shares of Jupiter Fund Management in a research report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Jupiter Fund Management from GBX 130 to GBX 145 and gave the stock a “hold” rating in a research report on Thursday, October 2nd. Finally, Canaccord Genuity Group upgraded shares of Jupiter Fund Management to a “hold” rating and boosted their target price for the company from GBX 60 to GBX 120 in a report on Wednesday, July 16th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Jupiter Fund Management presently has a consensus rating of “Hold” and a consensus target price of GBX 125.25.

Jupiter Fund Management Price Performance

The stock has a market capitalization of £755.40 million, a P/E ratio of 13.72 and a beta of 1.42. The business has a fifty day simple moving average of GBX 134.58 and a 200-day simple moving average of GBX 109.20. The company has a debt-to-equity ratio of 11.23, a quick ratio of 1.79 and a current ratio of 1.70.

Jupiter Fund Management (LON:JUP) last released its quarterly earnings data on Friday, July 25th. The company reported GBX 4.20 earnings per share for the quarter. Jupiter Fund Management had a negative net margin of 2.34% and a negative return on equity of 1.13%. Sell-side analysts expect that Jupiter Fund Management Plc will post 8.5093781 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Willie Watt acquired 80,000 shares of the company’s stock in a transaction dated Wednesday, October 8th. The shares were purchased at an average price of GBX 149 per share, for a total transaction of £119,200. Company insiders own 3.89% of the company’s stock.

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.