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Jupiter Fund Management Plc ( (GB:JUP) ) just unveiled an update.
Jupiter Fund Management Plc announced the purchase of 56,003 of its ordinary shares as part of its ongoing share buyback program. This transaction, conducted on the London Stock Exchange, is part of a strategy to manage its capital structure and potentially enhance shareholder value. The purchased shares will be held in Treasury, affecting the total voting rights and share count for the company. This move may influence shareholder decisions regarding their interest in the company.
The most recent analyst rating on (GB:JUP) stock is a Buy with a £142.00 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 Outperform.
Jupiter Fund Management Plc’s overall stock score is driven by strong technical momentum and strategic corporate actions, such as share buybacks and acquisitions, which enhance shareholder value. While financial performance shows some pressure from declining revenue, the company’s low leverage and strong equity position are positives. The valuation is reasonable, supported by a solid dividend yield.
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 investment management. The company offers a range of investment products and services, catering to a diverse client base, including individuals and institutions.
Average Trading Volume: 1,311,093
Technical Sentiment Signal: Buy
Current Market Cap: £645.5M
Find detailed analytics on JUP stock on TipRanks’ Stock Analysis page.