Jupiter Fund Management (LON:JUP) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Jupiter Fund Management Plc (LON:JUP) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 169.54 and traded as low as GBX 160.20. Jupiter Fund Management shares last traded at GBX 163.80, with a volume of 646,789 shares traded.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft increased their price target on shares of Jupiter Fund Management from GBX 180 to GBX 190 and gave the company a “hold” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Jupiter Fund Management presently has an average rating of “Hold” and a consensus price target of GBX 155.33.

Jupiter Fund Management Stock Performance

The company has a debt-to-equity ratio of 4.27, a current ratio of 2.46 and a quick ratio of 1.79. The stock has a 50-day moving average price of GBX 161.41 and a 200-day moving average price of GBX 169.54. The company has a market capitalization of £822.24 million, a price-to-earnings ratio of 9.15 and a beta of 1.29.

Jupiter Fund Management announced that its board has authorized a share repurchase plan on Wednesday, April 8th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Jupiter Fund Management

In other Jupiter Fund Management news, insider Matthew Beesley purchased 671 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was acquired at an average price of GBX 164 per share, with a total value of £1,100.44. Also, insider Wayne Mepham acquired 765 shares of Jupiter Fund Management stock in a transaction on Wednesday, May 27th. The shares were bought at an average cost of GBX 164 per share, with a total value of £1,254.60. Company insiders own 4.09% 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.