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Jupiter Fund Management Plc ( (GB:JUP) ) has provided an announcement.
Jupiter Fund Management Plc has executed a share buyback program, purchasing 80,400 of its ordinary shares on the London Stock Exchange at a weighted average price of £1.292990 per share. The shares will be held in Treasury, impacting the total voting rights and share calculations for stakeholders, as the company now holds 16,138,382 shares in Treasury with 528,841,128 shares in issue excluding Treasury shares.
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 investment management services. The company is known for managing a range of funds and investment products, catering to a diverse client base including individual and institutional investors.
Average Trading Volume: 1,319,652
Technical Sentiment Signal: Buy
Current Market Cap: £651.8M
Learn more about JUP stock on TipRanks’ Stock Analysis page.