Jupiter Fund Management (LON:JUP) Hits New 52-Week High – Here’s Why

Jupiter Fund Management Plc (LON:JUP) shares hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 158.60 and last traded at GBX 158.60, with a volume of 522001 shares traded. The stock had previously closed at GBX 156.80.

Analyst Ratings Changes

A number of research analysts have recently weighed in on JUP shares. Peel Hunt reissued a “buy” rating and issued a GBX 156 price objective on shares of Jupiter Fund Management in a report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Jupiter Fund Management from GBX 150 to GBX 160 and gave the stock a “hold” rating in a report on Wednesday, December 3rd. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 129.

Jupiter Fund Management Trading Up 0.3%

The company has a current ratio of 1.70, a quick ratio of 1.79 and a debt-to-equity ratio of 11.23. The firm has a market cap of £811.19 million, a price-to-earnings ratio of 14.74 and a beta of 1.42. The company has a fifty day moving average price of GBX 148.79 and a 200-day moving average price of GBX 132.10.

Insider Transactions at Jupiter Fund Management

In related news, insider Willie Watt acquired 80,000 shares of the stock in a transaction on Wednesday, October 8th. The shares were acquired at an average price of GBX 149 per share, for a total transaction of £119,200. Insiders own 3.90% of the company’s stock.

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.