Jupiter Fund Management (LON:JUP) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Jupiter Fund Management Plc (LON:JUP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 82.86 ($1.05) and traded as high as GBX 83 ($1.05). Jupiter Fund Management shares last traded at GBX 81 ($1.02), with a volume of 1,373,425 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 100 ($1.27) target price on shares of Jupiter Fund Management in a research report on Tuesday, September 3rd. UBS Group raised shares of Jupiter Fund Management to a "neutral" rating in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of GBX 89.25 ($1.13).

Jupiter Fund Management Price Performance

The stock has a market capitalization of £417.08 million, a P/E ratio of -4,050.00 and a beta of 1.42. The company has a 50 day moving average of GBX 83.57 and a 200-day moving average of GBX 82.86. The company has a quick ratio of 1.79, a current ratio of 1.70 and a debt-to-equity ratio of 11.23.

Insider Transactions at Jupiter Fund Management

In other news, insider Wayne Mepham sold 57,059 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of GBX 81 ($1.02), for a total transaction of £46,217.79 ($58,481.32). Insiders own 25.22% of the company's stock.

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.