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Jupiter Fund Management Plc ( (GB:JUP) ) has issued an update.
Jupiter Fund Management Plc announced the repurchase of 41,749 of its ordinary shares as part of a share buyback program, with the shares acquired at a weighted average price of £1.291732. The repurchased shares will be held in Treasury, affecting the total voting rights, which now stand at 530,072,929. This move is part of Jupiter’s ongoing 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 supported by strong corporate actions, including a strategic acquisition and share buybacks, which bolster shareholder value and capital structure. While the valuation is attractive due to a high dividend yield, technical indicators suggest caution due to potential overbought conditions. The financial performance shows strengths in equity and cash generation but faces challenges with declining revenue and profitability.
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, primarily focusing on investment management services. The company offers a range of funds and investment products to individual and institutional clients, with a market focus on providing active fund management solutions.
Average Trading Volume: 1,186,894
Technical Sentiment Signal: Buy
Current Market Cap: £686.4M
For detailed information about JUP stock, go to TipRanks’ Stock Analysis page.