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Jupiter Fund Management Plc ( (GB:JUP) ) has shared an announcement.
Jupiter Fund Management Plc announced the purchase of 150,000 of its own ordinary shares as part of a share buyback program, with the shares to be held in Treasury. This transaction, conducted through Numis Securities Limited, reflects the company’s ongoing strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation, thereby increasing earnings per share.
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 Outperform.
Jupiter Fund Management Plc scores a 71, reflecting strong equity positioning, strategic share buybacks, and attractive valuation metrics. However, declining revenues and bearish technical indicators pose challenges. The low P/E ratio and high dividend yield make it 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 investment management. The company provides a range of investment products and services, catering to both retail and institutional clients, with a market focus on delivering strong, long-term returns.
Average Trading Volume: 1,501,430
Technical Sentiment Signal: Sell
Current Market Cap: £391.8M
For an in-depth examination of JUP stock, go to TipRanks’ Stock Analysis page.