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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 on the London Stock Exchange as part of its ongoing share buyback program. This transaction, executed through Numis Securities Limited, reflects the company’s strategy to manage its capital structure effectively. The purchased shares will be held in Treasury, adjusting the total voting rights to 531,352,911. This move is part of Jupiter’s efforts to enhance shareholder value and optimize its financial operations.
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.
The overall stock score reflects a combination of solid valuation metrics, positive technical trends, and strategic corporate actions like share buybacks. However, the score is moderated by declining financial performance, especially in revenue and asset base, requiring attention to future growth prospects.
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 strong presence in the UK market.
Average Trading Volume: 1,267,578
Technical Sentiment Signal: Hold
Current Market Cap: £481.7M
Learn more about JUP stock on TipRanks’ Stock Analysis page.