Canaccord Genuity Group Upgrades Jupiter Fund Management (LON:JUP) to “Hold”

Jupiter Fund Management (LON:JUP) was upgraded by equities researchers at Canaccord Genuity Group to a “hold” rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has a GBX 120 ($1.61) target price on the stock, up from their previous target price of GBX 60 ($0.81). Canaccord Genuity Group’s price target suggests a potential downside of 6.83% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft raised their price target on Jupiter Fund Management from GBX 90 ($1.21) to GBX 110 ($1.48) and gave the stock a “hold” rating in a research report on Friday, July 11th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Jupiter Fund Management has a consensus rating of “Hold” and an average target price of GBX 100.25 ($1.35).

Jupiter Fund Management Price Performance

LON:JUP opened at GBX 128.80 ($1.73) on Wednesday. The firm has a market capitalization of £659.85 million, a price-to-earnings ratio of -74.33 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. The business has a 50 day simple moving average of GBX 95.89 and a 200-day simple moving average of GBX 83.06. Jupiter Fund Management has a 1 year low of GBX 64.70 ($0.87) and a 1 year high of GBX 128.80 ($1.73).

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.