Jupiter Fund Management Plc ( (GB:JUP) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Jupiter Fund Management Plc’s stock has been on the rise following its strategic acquisition of CCLA Investment Management Limited for £100 million. This move is set to boost market presence and operational capabilities, with immediate benefits expected for management fee earnings per share and cost synergies projected by 2027. Additionally, a share buyback program of 60,254 shares is aimed at enhancing shareholder value, despite declining revenue trends. Analysts are maintaining a Hold rating, acknowledging the company’s solid capital structure and undervalued stock, while also noting caution due to overbought technical indicators and ongoing revenue challenges.
More about Jupiter Fund Management Plc
YTD Price Performance: 28.91%
Average Trading Volume: 1,095,333
Technical Sentiment Signal: Hold
Current Market Cap: £545.9M
For further insights into JUP stock on TipRanks’ Stock Analysis page.
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