Jupiter Fund Management Executes Share Buyback

Jupiter Fund Management Plc ( (GB:JUP) ) has shared an announcement.

Jupiter Fund Management Plc has executed a share buyback transaction, purchasing 150,000 of its ordinary shares at an average price of £0.786183 on the London Stock Exchange. This move is part of a previously announced buyback program and aims to hold the acquired shares in Treasury, impacting the total voting rights and share capital structure, which stakeholders can use to assess their holdings under regulatory guidelines.

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’s overall score reflects a solid financial foundation with strong equity positioning and attractive valuation metrics. The strategic share buybacks further enhance shareholder value. However, challenges such as declining revenues and bearish technical indicators weigh on the stock’s performance. 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 is a company operating in the financial services industry, primarily focusing on investment management. The company offers a range of investment products and services, catering to both individual and institutional clients, with a strong presence in the UK market.

Average Trading Volume: 1,476,283

Technical Sentiment Signal: Sell

Current Market Cap: £399.3M

For detailed information about JUP stock, go to TipRanks’ Stock Analysis page.