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An update from Jupiter Fund Management Plc ( (GB:JUP) ) is now available.
Jupiter Fund Management Plc announced the purchase of 100,000 of its ordinary shares on the London Stock Exchange as part of its ongoing share buyback program. This transaction, conducted through Numis Securities Limited, reflects the company’s strategy to manage its capital structure effectively. The purchased shares will be held in Treasury, bringing the total number of shares held in Treasury to 12,657,763. Following this transaction, Jupiter’s total voting rights stand at 532,321,747, which shareholders can use to determine their notification requirements under the FCA’s rules. This move is part of Jupiter’s broader efforts to enhance shareholder value and optimize its financial operations.
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’s overall stock score is driven by strong financial fundamentals, particularly its robust equity position and cash flow. However, the stock’s technical indicators suggest caution due to overbought conditions. The company’s valuation metrics highlight potential undervaluation, while recent corporate events, like share buybacks, point to shareholder-friendly management actions.
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 provides a range of investment products and services, catering to a diverse client base, including institutional and retail investors. Jupiter is known for its active fund management approach and aims to deliver strong, long-term returns for its clients.
Average Trading Volume: 1,392,362
Technical Sentiment Signal: Hold
Current Market Cap: £488.2M
Find detailed analytics on JUP stock on TipRanks’ Stock Analysis page.