Jupiter Fund Management Executes Share Buyback Program

An update from Jupiter Fund Management Plc ( (GB:JUP) ) is now available.

Jupiter Fund Management Plc has executed a share buyback program, purchasing 100,000 of its ordinary shares on the London Stock Exchange at a weighted average price of £1.252544 per share. These shares will be held in Treasury, affecting the total voting rights in the company, which now stands at 530,571,555 shares. This move is part of a broader strategy to manage 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’s overall score is driven by a strong equity position and efficient cash generation, despite facing challenges in revenue and profitability. The technical analysis indicates bullish momentum, though caution is advised due to overbought signals. Valuation appears favorable with a low P/E ratio and high dividend yield. Positive corporate events, including strategic acquisitions and share buybacks, further support the stock’s attractiveness.

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 engages in managing assets for a range of clients, including institutional and retail investors, with a market focus on delivering strong investment performance.

Average Trading Volume: 1,160,871

Technical Sentiment Signal: Buy

Current Market Cap: £630.3M

For an in-depth examination of JUP stock, go to TipRanks’ Overview page.