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 75,000 of its ordinary shares on the London Stock Exchange at a weighted average price of £1.277159 per share. This move is part of a previously announced buyback program, aimed at optimizing the company’s capital structure. Following this transaction, Jupiter holds 16,213,382 shares in Treasury, with 528,766,128 shares in issue excluding Treasury shares. The buyback is expected to impact shareholder voting rights and is intended to enhance shareholder value.

The most recent analyst rating on (GB:JUP) stock is a Hold with a £0.77 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 overall stock score is driven by strong corporate actions such as share buybacks, which enhance shareholder value. The technical indicators show positive momentum, supporting the stock’s upward trend. However, the financial performance indicates challenges with declining revenue and profitability, which need to be addressed for sustained growth. The valuation is reasonable, with an attractive dividend yield providing additional investor appeal.

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, primarily through mutual funds and other investment vehicles.

Average Trading Volume: 1,321,502

Technical Sentiment Signal: Buy

Current Market Cap: £656.8M

Find detailed analytics on JUP stock on TipRanks’ Stock Analysis page.