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Jupiter Fund Management Plc ( (GB:JUP) ) has shared an update.
Jupiter Fund Management Plc has executed a share buyback, purchasing 100,000 ordinary shares at an average price of £1.320423 per share. This move is part of a previously announced buyback program, and the purchased shares will be held in Treasury, impacting the total voting rights to 530,329,835. This transaction reflects 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 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 investment management. The company provides a range of fund management services and products, primarily targeting individual and institutional investors.
Average Trading Volume: 1,193,034
Technical Sentiment Signal: Buy
Current Market Cap: £667.6M
Find detailed analytics on JUP stock on TipRanks’ Stock Analysis page.