Jupiter Fund Management (LON:JUP) Hits New 1-Year High After Analyst Upgrade

Jupiter Fund Management Plc (LON:JUP) hit a new 52-week high during 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 changing hands. The stock had previously closed at GBX 187.60.

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 156 target price on shares of Jupiter Fund Management in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Jupiter Fund Management currently has a consensus rating of “Hold” and an average target price of GBX 150.33.

Jupiter Fund Management Stock Up 3.4%

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 simple moving average of GBX 164.18 and a 200-day simple moving average of GBX 146.48. The stock has a market cap of £988.88 million, a P/E ratio of 17.96 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.