Shares of Jupiter Fund Management Plc (LON:JUP - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 82.74 ($1.08) and traded as low as GBX 78.80 ($1.03). Jupiter Fund Management shares last traded at GBX 79.70 ($1.04), with a volume of 449,319 shares traded.
Analysts Set New Price Targets
A number of research firms have issued reports on JUP. Morgan Stanley cut their target price on shares of Jupiter Fund Management from GBX 92 ($1.20) to GBX 91 ($1.18) and set an "equal weight" rating on the stock in a research report on Thursday, July 18th. UBS Group raised shares of Jupiter Fund Management to a "neutral" rating in a research note on Wednesday, August 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 100 ($1.30) target price on shares of Jupiter Fund Management in a research report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, Jupiter Fund Management has a consensus rating of "Hold" and a consensus price target of GBX 89.25 ($1.16).
View Our Latest Analysis on Jupiter Fund Management
Jupiter Fund Management Price Performance
The company's 50 day simple moving average is GBX 84.58 and its 200 day simple moving average is GBX 82.74. The company has a debt-to-equity ratio of 11.23, a current ratio of 1.70 and a quick ratio of 1.79. The stock has a market cap of £402.17 million, a P/E ratio of -3,910.00 and a beta of 1.42.
Insider Activity at Jupiter Fund Management
In other news, insider Wayne Mepham sold 57,059 shares of Jupiter Fund Management stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of GBX 81 ($1.05), for a total transaction of £46,217.79 ($60,163.75). 25.22% of the stock is owned by corporate insiders.
About Jupiter Fund Management
(
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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.
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