Jupiter Fund Management (LON:JUP) Stock Passes Below 200-Day Moving Average – Should You Sell?

Jupiter Fund Management Plc (LON:JUP) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 167.53 and traded as low as GBX 164.80. Jupiter Fund Management shares last traded at GBX 168.60, with a volume of 54,389,855 shares trading hands.

Wall Street Analysts Forecast Growth

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

Jupiter Fund Management Stock Performance

The firm has a fifty day moving average of GBX 159.97 and a 200-day moving average of GBX 167.53. The stock has a market capitalization of £825.52 million, a price-to-earnings ratio of 9.19 and a beta of 1.30.

Jupiter Fund Management announced that its Board of Directors has authorized a stock buyback program on Wednesday, April 8th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Jupiter Fund Management

In related news, insider Wayne Mepham bought 765 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average cost of GBX 164 per share, for a total transaction of £1,254.60. Also, insider Matthew Beesley purchased 671 shares of Jupiter Fund Management stock in a transaction that occurred on Wednesday, May 27th. The shares were bought at an average cost of GBX 164 per share, for a total transaction of £1,100.44. 4.09% of the stock is currently owned by company insiders.

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.