Jupiter Fund Management (LON:JUP) Sets New 12-Month High – Time to Buy?

Shares of Jupiter Fund Management Plc (LON:JUP) hit a new 52-week high on Wednesday . The stock traded as high as GBX 191 and last traded at GBX 190.80, with a volume of 3954167 shares trading hands. The stock had previously closed at GBX 188.40.

Analysts Set New Price Targets

A number of research firms recently commented on JUP. Peel Hunt reaffirmed a “buy” rating and issued a GBX 156 price objective on shares of Jupiter Fund Management in a research note on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft raised 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 equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 145.33.

Jupiter Fund Management Stock Performance

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 firm has a market capitalization of £970.53 million, a P/E ratio of 17.63 and a beta of 1.42. The company’s 50 day moving average is GBX 160.31 and its 200-day moving average is GBX 144.66.

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.