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Jupiter Fund Management Plc ( (GB:JUP) ) has provided an update.
Jupiter Fund Management Plc has executed a share buyback transaction, purchasing 100,000 of its ordinary shares on the London Stock Exchange at a weighted average price of £1.304087. This move is part of its ongoing share buyback programme, which was announced earlier in the year. The purchased shares will be held in Treasury, bringing the total number of shares in Treasury to 14,749,675, with 530,229,835 shares remaining in issue. The transaction aims to optimize the company’s 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 has a solid equity position and strategic corporate actions like share buybacks and acquisitions that enhance shareholder value. However, technical indicators suggest overbought conditions, and the exceptionally high dividend yield raises concerns about future earnings sustainability. Reversing the declining revenue trend remains a key challenge.
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 asset management. It offers a range of investment products and services, targeting both individual and institutional investors.
Average Trading Volume: 1,196,428
Technical Sentiment Signal: Buy
Current Market Cap: £667.6M
For a thorough assessment of JUP stock, go to TipRanks’ Stock Analysis page.