Jupiter Fund Management (LON:JUP) Stock Crosses Above 200-Day Moving Average – Here’s Why

Shares of Jupiter Fund Management Plc (LON:JUP) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 151.07 and traded as high as GBX 189.80. Jupiter Fund Management shares last traded at GBX 185.57, with a volume of 113,450,539 shares traded.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised their price target on shares of Jupiter Fund Management from GBX 165 to GBX 175 and gave the company a “hold” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Jupiter Fund Management presently has an average rating of “Hold” and a consensus price target of GBX 150.33.

Jupiter Fund Management Stock Performance

The stock’s fifty day simple moving average is GBX 173.63 and its 200 day simple moving average is GBX 151.07. 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 company has a market cap of £945.90 million, a price-to-earnings ratio of 17.18 and a beta of 1.42.

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.