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Jupiter Fund Management Plc ( (GB:JUP) ) has shared an update.
Jupiter Fund Management Plc announced the purchase of 100,000 of its own ordinary shares on the London Stock Exchange as part of a share buyback program. The shares will be held in Treasury, affecting the total voting rights in the company, which now stands at 531,846,747. 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 a strong equity position and efficient cash generation, despite challenges in revenue and profitability. The technical indicators suggest bullish momentum, although caution is warranted due to overbought signals. The valuation is attractive with a low P/E ratio and high dividend yield. Corporate events like the share buyback and board appointment provide additional positive signals.
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 focused on investment management. It provides a range of investment products and services to individual and institutional investors, with a market focus on delivering strong, long-term returns.
Average Trading Volume: 1,370,133
Technical Sentiment Signal: Hold
Current Market Cap: £492.8M
Find detailed analytics on JUP stock on TipRanks’ Stock Analysis page.