Jupiter Fund Management (LON:JUP) Shares Cross Below 200-Day Moving Average – Here’s What Happened
by Tristan Rich · The Markets DailyJupiter Fund Management Plc (LON:JUP – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 165 and traded as low as GBX 163.20. Jupiter Fund Management shares last traded at GBX 166.68, with a volume of 36,799,617 shares.
Wall Street Analysts Forecast Growth
JUP has been the topic of a number of research analyst reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 187 target price on shares of Jupiter Fund Management in a research note on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Jupiter Fund Management from GBX 180 to GBX 185 and gave the stock a “hold” rating in a research report on Friday, September 4th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 176.
Read Our Latest Research Report on Jupiter Fund Management
Jupiter Fund Management Price Performance
The company has a current ratio of 1.58, a quick ratio of 1.79 and a debt-to-equity ratio of 4.75. The stock has a fifty day simple moving average of GBX 163.45 and a 200-day simple moving average of GBX 164.68. The stock has a market cap of £829.42 million, a price-to-earnings ratio of 8.95 and a beta of 1.30.
Jupiter Fund Management (LON:JUP – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The company reported GBX 7.20 EPS for the quarter. Jupiter Fund Management had a return on equity of 11.59% and a net margin of 19.32%. As a group, equities research analysts expect that Jupiter Fund Management Plc will post 8.5093781 EPS for the current year.
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.