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 75,418 of its ordinary shares on the London Stock Exchange at a weighted average price of £1.251208 per share. This move is part of its ongoing share buyback program, with the purchased shares intended to be held in Treasury. The transaction affects the total voting rights in the company, which now stands at 530,496,137 shares, offering stakeholders a new denominator for interest calculations under the FCA’s rules.

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 Neutral.

Jupiter Fund Management Plc’s overall stock score is driven by its strong financial position, with efficient cash generation despite declining revenues. The stock’s valuation appears attractive, supported by a low P/E ratio and a solid dividend yield. Technical indicators suggest bullish momentum, although the stock might be overbought. Corporate actions, such as share buybacks and strategic acquisitions, further reinforce shareholder value.

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 provides investment management services to individual and institutional investors, with a market focus on delivering sustainable long-term returns.

Average Trading Volume: 1,166,607

Technical Sentiment Signal: Buy

Current Market Cap: £630.3M

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