Jupiter Fund Management (LON:JUP) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Jupiter Fund Management Plc (LON:JUP) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 158.30 and traded as high as GBX 186.20. Jupiter Fund Management shares last traded at GBX 177.60, with a volume of 329,512 shares.

Wall Street Analyst Weigh In

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

Jupiter Fund Management Price Performance

The stock has a market capitalization of £905.28 million, a PE ratio of 16.44 and a beta of 1.42. The firm’s 50 day simple moving average is GBX 185.22 and its 200 day simple moving average is GBX 158.30.

Jupiter Fund Management (LON:JUP) last issued its earnings results on Thursday, February 26th. The company reported GBX 19.40 EPS for the quarter. Jupiter Fund Management had a net margin of 21.19% and a return on equity of 11.49%. Analysts expect that Jupiter Fund Management Plc will post 8.5093781 earnings per share for the current fiscal year.

Insider Transactions at Jupiter Fund Management

In other Jupiter Fund Management news, insider Matthew Beesley sold 308,933 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of GBX 188, for a total transaction of £580,794.04. Also, insider James Macpherson bought 30,000 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were purchased at an average price of GBX 194 per share, for a total transaction of £58,200. Insiders own 3.97% 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. Jupiter Fund Management Plc was founded in 1985 and is based in London, United Kingdom.