Jupiter Fund Management (LON:JUP) Hits New 12-Month High – Here’s Why

Jupiter Fund Management Plc (LON:JUP)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as GBX 160 and last traded at GBX 159.60, with a volume of 1373590 shares trading hands. The stock had previously closed at GBX 158.60.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on JUP shares. Deutsche Bank Aktiengesellschaft upped their target price on Jupiter Fund Management from GBX 150 to GBX 160 and gave the company a “hold” rating in a report on Wednesday, December 3rd. Peel Hunt reaffirmed a “buy” rating and set a GBX 156 target price on shares of Jupiter Fund Management in a research report on Wednesday, October 15th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 129.

Jupiter Fund Management Price Performance

The company has a current ratio of 1.70, a quick ratio of 1.79 and a debt-to-equity ratio of 11.23. The stock has a market cap of £812.51 million, a PE ratio of 14.76 and a beta of 1.42. The business has a 50-day moving average price of GBX 150.36 and a 200 day moving average price of GBX 134.61.

Insiders Place Their Bets

In other Jupiter Fund Management news, insider Willie Watt acquired 80,000 shares of Jupiter Fund Management stock in a transaction that occurred on Wednesday, October 8th. The stock was acquired at an average cost of GBX 149 per share, for a total transaction of £119,200. 3.90% of the stock is owned by corporate insiders.

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.