Jupiter Fund Management (LON:JUP) Sets New 52-Week High on Analyst Upgrade

Jupiter Fund Management Plc (LON:JUP)’s share price hit a new 52-week high during mid-day trading on Tuesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 165 to GBX 175. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Jupiter Fund Management traded as high as GBX 194 and last traded at GBX 194, with a volume of 2925990 shares traded. The stock had previously closed at GBX 187.60.

Separately, Peel Hunt reissued a “buy” rating and set a GBX 156 price target 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 two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 150.33.

Jupiter Fund Management Trading Up 3.4%

The stock has a market cap of £988.88 million, a price-to-earnings ratio of 17.96 and a beta of 1.42. The company has a quick ratio of 1.79, a current ratio of 1.70 and a debt-to-equity ratio of 11.23. The business has a 50-day moving average of GBX 164.18 and a 200-day moving average of GBX 146.48.

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.