Jupiter Fund Management Executes Share Buyback

Jupiter Fund Management Plc ( (GB:JUP) ) has provided an update.

Jupiter Fund Management Plc has executed a share buyback transaction, purchasing 150,000 of its ordinary shares on the London Stock Exchange at an average price of £0.798196 per share. This move is part of a previously announced buyback program, and the shares will be held in Treasury, impacting the total voting rights and shareholding calculations for stakeholders.

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 in the financial services industry, focusing on asset management. The company provides investment management services to individual and institutional investors, primarily through mutual funds and investment trusts.

Average Trading Volume: 1,491,798

Technical Sentiment Signal: Hold

Current Market Cap: £406.6M

Find detailed analytics on JUP stock on TipRanks’ Stock Analysis page.