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Jupiter Fund Management Plc ( (GB:JUP) ) just unveiled an update.
Jupiter Fund Management Plc has executed a share buyback program, purchasing 100,000 of its ordinary shares on the London Stock Exchange at an average price of £0.776737. The shares will be held in Treasury, adjusting the total voting rights to 534,492,591. This move is part of a broader strategy to manage its capital structure, potentially enhancing shareholder value and reflecting confidence in the company’s financial position.
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 Plc’s overall stock score reflects a solid financial foundation with a strong balance sheet and attractive valuation metrics. However, challenges such as declining revenues and bearish technical indicators weigh on the stock’s performance. The active share buyback program positively impacts the score, suggesting confidence in the company’s financial stability and enhancing 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 offers a range of investment products and services, catering to individual and institutional investors, with a market focus on managing funds and portfolios.
Average Trading Volume: 1,497,449
Technical Sentiment Signal: Sell
Current Market Cap: £391.8M
Learn more about JUP stock on TipRanks’ Stock Analysis page.