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Jupiter Fund Management Plc ( (GB:JUP) ) has shared an update.
Jupiter Fund Management Plc has executed a share buyback transaction, purchasing 84,199 of its ordinary shares on the London Stock Exchange as part of its ongoing buyback program. The shares will be held in Treasury, bringing the total Treasury shares to 11,221,118, while the total voting rights stand at 533,758,392. This move is part of Jupiter’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:JUP) stock is a Hold with a £0.92 price target. To see the full list of analyst forecasts on Jupiter Fund Management Plc stock, see the GB:JUP Stock Forecast page.
Spark’s Take on GB:JUP Stock
According to Spark, TipRanks’ AI Analyst, GB:JUP is a Neutral.
Jupiter Fund Management Plc scores a 69, reflecting a strong equity foundation and attractive valuation metrics, supported by strategic share buybacks. However, the company faces challenges with declining revenue and bearish technical indicators, which weigh on its performance. The low P/E ratio and high dividend yield make the stock appealing to value investors, but reversing the revenue decline is crucial for sustainable growth.
To see Spark’s full report on GB:JUP stock, click here.
More about Jupiter Fund Management Plc
Jupiter Fund Management Plc operates within the financial services industry, focusing on investment management. The company offers a range of investment products and services, primarily targeting institutional and retail investors.
Average Trading Volume: 1,489,965
Technical Sentiment Signal: Hold
Current Market Cap: £406.6M
For detailed information about JUP stock, go to TipRanks’ Stock Analysis page.