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 transaction, purchasing 37,663 of its ordinary shares on the London Stock Exchange at an average price of £1.027253 per share. This move is part of the company’s ongoing buyback programme, aimed at consolidating its share capital and potentially enhancing shareholder value. Following this transaction, Jupiter holds 14,106,024 shares in Treasury, with 530,873,486 shares remaining in issue, which determines the total voting rights for shareholders.

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 stock receives a favorable score due to its attractive valuation with a low P/E ratio and substantial dividend yield, signaling potential undervaluation. The technical indicators support a strong upward trend, despite a high RSI indicating potential overbought conditions. Financial performance shows strengths in equity position and cash flow, though revenue declines pose a risk to growth. The absence of recent earnings call data limits this analysis.

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 to individual and institutional investors, with a strong presence in the UK market.

Average Trading Volume: 1,265,591

Technical Sentiment Signal: Hold

Current Market Cap: £516.8M

For an in-depth examination of JUP stock, go to TipRanks’ Overview page.