Jupiter Fund Management (LON:JUP) Stock Price Down 0.3% – Here’s Why

Shares of Jupiter Fund Management Plc (LON:JUP) were down 0.3% during trading on Friday. The company traded as low as GBX 183 and last traded at GBX 185.20. 289,890 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 4,052,445 shares. The stock had previously closed at GBX 185.80.

Wall Street Analysts Forecast Growth

JUP has been the topic of a number of research analyst reports. Deutsche Bank raised their price target on shares of Jupiter Fund Management from GBX 180 to GBX 185 and gave the company a “hold” rating in a research note on Friday, September 4th. Berenberg Bank lifted their price target on shares of Jupiter Fund Management from GBX 187 to GBX 200 and gave the company a “buy” rating in a report on Friday, October 16th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Jupiter Fund Management currently has a consensus rating of “Moderate Buy” and an average target price of GBX 192.50.

Jupiter Fund Management Stock Down 0.3%

The firm’s fifty day moving average price is GBX 170.73 and its 200-day moving average price is GBX 169.57. The company has a market capitalization of £928.13 million, a price-to-earnings ratio of 10.01 and a beta of 1.30. The company has a debt-to-equity ratio of 4.75, a current ratio of 1.58 and a quick ratio of 1.79.

Insiders Place Their Bets

In related news, insider Matthew Beesley sold 447,370 shares of the business’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of GBX 173, for a total transaction of £773,950.10. 4.21% of the stock is owned by corporate insiders.

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. Jupiter Fund Management Plc was founded in 1985 and is based in London, United Kingdom.