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The latest update is out from Jupiter Fund Management Plc ( (GB:JUP) ).
Jupiter Fund Management Plc announced the repurchase of 100,000 of its ordinary shares as part of its ongoing share buyback program. This transaction, executed on the London Stock Exchange, reflects the company’s strategy to manage its capital structure effectively and potentially enhance shareholder value. The purchased shares will be held in Treasury, adjusting the total voting rights in the company to 529,772,929. This move is part of Jupiter’s broader efforts to optimize its financial operations and maintain transparency with its stakeholders.
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 Outperform.
Jupiter Fund Management’s overall stock score is positively influenced by its strategic corporate moves, such as the acquisition of CCLA and an extensive share buyback program. Technical indicators show strong momentum, although caution is advised due to overbought conditions. The financial performance indicates solid equity strength and cash generation but is challenged by 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, focusing on investment management. The company provides a range of investment products and services, primarily targeting institutional and retail clients.
Average Trading Volume: 1,285,671
Technical Sentiment Signal: Buy
Current Market Cap: £661.3M
See more data about JUP stock on TipRanks’ Stock Analysis page.