Jupiter Fund Management (LON:JUP) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Jupiter Fund Management Plc (LON:JUP – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 167.63 and traded as low as GBX 163.40. Jupiter Fund Management shares last traded at GBX 164.80, with a volume of 1,233,908 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have commented on JUP shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Jupiter Fund Management from GBX 180 to GBX 190 and gave the stock a “hold” rating in a research report on Tuesday, June 2nd. Berenberg Bank reiterated a “buy” rating and set a GBX 187 price target on shares of Jupiter Fund Management in a report on Tuesday, August 25th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Jupiter Fund Management has a consensus rating of “Moderate Buy” and a consensus price target of GBX 177.67.

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Jupiter Fund Management Trading Down 0.9%

The firm has a market cap of £813.75 million, a P/E ratio of 8.78 and a beta of 1.30. The company has a quick ratio of 1.79, a current ratio of 1.58 and a debt-to-equity ratio of 4.75. The firm’s 50-day simple moving average is GBX 165.78 and its 200 day simple moving average is GBX 167.47.

Jupiter Fund Management (LON:JUP – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The company reported GBX 7.20 earnings per share for the quarter. Jupiter Fund Management had a return on equity of 11.59% and a net margin of 19.32%. As a group, analysts expect that Jupiter Fund Management Plc will post 8.5093781 earnings per share for the current year.

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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