Jupiter Fund Management Executes Share Buyback

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

Jupiter Fund Management Plc has executed a share buyback program, purchasing 100,000 of its ordinary shares on the London Stock Exchange at a weighted average price of £0.908791. The shares will be held in Treasury, adjusting the total voting rights to 533,021,747. This move is part of Jupiter’s strategy to manage its capital structure and potentially enhance shareholder value.

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 exhibits strong technical indicators and attractive valuation metrics, with notable strategic initiatives such as share buybacks enhancing shareholder value. However, the company must address declining revenue trends to sustain long-term 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 asset management. The company offers a range of investment products and services, catering primarily to individual and institutional investors, and is listed on the London Stock Exchange.

Average Trading Volume: 1,456,553

Technical Sentiment Signal: Hold

Current Market Cap: £466.3M

See more data about JUP stock on TipRanks’ Stock Analysis page.