ALPESH PATEL’S PICK OF THE DAY & FREE 30 DAY TRIAL EXCLUSIVELY TO SBM READERS
PICK OF THE DAY
Jupiter Fund Management PLC JUP:LSE BUY
Today we’ve picked the Jupiter Fund Management Plc. as our pick of the day. Jupiter Fund Management is a United Kingdom-based holding company for a group of investment management companies. The Company and its subsidiaries offer a range of asset management products. Through its subsidiaries, the Company acts as investment manager to authorized unit trusts, SICAVs, investment trust companies, pension funds, private clients and other specialist funds.
It focuses primarily on managing equity investments on behalf of retail, institutional and private client investors across a wide range of products, including United Kingdom and offshore mutual funds, segregated mandates and investment trusts. The Company’s product line included mutual funds, segregated mandates, private clients and investment trusts. It has offices in the United Kingdom, Bermuda, Germany, Jersey and Singapore.
Source: FinancialTimes.com
FUNDAMENTALS AND TECHNICALS
Company Financials
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Stock Price: 439.40 GBX |
Market Capitalization: £1.99bn |
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52-week range: 271.70 – 447.60 GBX |
Shares outstanding: 457.70m |
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P/E (TTM) : 23.12 |
Annual div (TTM) : 9.80 GBX |
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EPS (TTM) : 0.1877 GBP |
Annual div yield (TTM) : 2.44% |
Chart
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Fundamental and Technical Analysis
Jupiter Fund Management Plc. is trading at 439.40GBp, which is just off its new 52-week high set yesterday. The stock has been up 33.03% over this period. Jupiter Fund Management Plc. has been rated a 7 out 10 in our Value/Growth rating and gets an A Grade rating on our Bullish Momentum meter.
The stock has been on an extended uptrend since mid last year and the recent break above its 400GBp highs draws our attention towards the stock. The stock shows great growth potential and the way the weekly and monthly MACDs are positioned support a new swing higher. We intend to acquire the stock at current levels and we’re looking for a holding period of 2-4 months, we’re targeting a 20% return over this period and we will use the same percentage as our exit level.
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