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Jupiter Fund Management Plc ( (GB:JUP) ) just unveiled an announcement.
Jupiter Fund Management Plc announced the repurchase of 100,000 of its ordinary shares on the London Stock Exchange as part of its ongoing share buyback program. The company plans to hold these shares in Treasury, impacting the total voting rights, which now stand at 532,821,747. 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 Sell with a £0.55 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’s overall stock score reflects a mix of strong valuation metrics and positive corporate events. The solid dividend yield and low P/E ratio suggest the stock is undervalued, while recent share buybacks and board appointments enhance investor confidence. However, declining revenue trends and overbought technical indicators present challenges that need addressing 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. It provides investment management services to individual and institutional investors, with a market focus on delivering sustainable and long-term investment returns.
Average Trading Volume: 1,423,763
Technical Sentiment Signal: Hold
Current Market Cap: £464.7M
Learn more about JUP stock on TipRanks’ Stock Analysis page.