Jupiter Fund Management (LON:JUP) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Jupiter Fund Management Plc (LON:JUP) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 82.92 ($1.04) and traded as high as GBX 86.70 ($1.09). Jupiter Fund Management shares last traded at GBX 86.40 ($1.08), with a volume of 121,896 shares traded.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 100 ($1.25) price objective on shares of Jupiter Fund Management in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, Jupiter Fund Management presently has an average rating of “Hold” and an average target price of GBX 89.25 ($1.12).

Jupiter Fund Management Price Performance

The company has a debt-to-equity ratio of 11.23, a quick ratio of 1.79 and a current ratio of 1.70. The company has a market capitalization of £444.34 million, a price-to-earnings ratio of -4,320.00 and a beta of 1.42. The company has a 50-day moving average price of GBX 82.83 and a 200-day moving average price of GBX 82.92.

Insider Buying and Selling

In related news, insider James Macpherson purchased 30,000 shares of the stock in a transaction on Tuesday, December 17th. The shares were purchased at an average price of GBX 83 ($1.04) per share, with a total value of £24,900 ($31,230.40). Company insiders own 25.22% 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.