Jupiter Fund Management (LON:JUP) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Jupiter Fund Management Plc (LON:JUP)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 162.82 and traded as high as GBX 167.20. Jupiter Fund Management shares last traded at GBX 165.46, with a volume of 1,500,526 shares traded.

Analysts Set New Price Targets

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

Jupiter Fund Management Stock Up 2.9%

The firm has a 50-day moving average of GBX 183.56 and a 200 day moving average of GBX 162.82. The stock has a market capitalization of £873.68 million, a P/E ratio of 15.87 and a beta of 1.42.

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

Insider Buying and Selling at Jupiter Fund Management

In related news, insider James Macpherson bought 30,000 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was acquired at an average price of GBX 194 per share, for a total transaction of £58,200. Also, insider Matthew Beesley sold 308,933 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of GBX 188, for a total value of £580,794.04. Company 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.