Jupiter Fund Management Plc ( (GB:JUP) ) has shared an announcement.
Jupiter Fund Management Plc has executed a share buyback program, purchasing 200,000 of its ordinary shares on the London Stock Exchange at a weighted average price of £0.722372. This move, part of a broader strategy to manage its capital structure, results in the company holding 9,309,806 shares in Treasury and a total of 535,669,704 shares in issue, excluding Treasury shares, which affects the total voting rights available to shareholders.
Spark’s Take on GB:JUP Stock
According to Spark, TipRanks’ AI Analyst, GB:JUP is a Neutral.
Jupiter Fund Management’s strong equity position and attractive valuation metrics are key strengths, providing a foundation for income-focused investors. However, the stock faces significant challenges with declining revenue and bearish technical indicators, necessitating a focus on reversing the revenue trend to sustain growth.
To see Spark’s full report on GB:JUP stock, click here.
More about Jupiter Fund Management Plc
Jupiter Fund Management Plc is a prominent entity in the financial services industry, primarily focusing on asset management. The company offers a range of investment products and services aimed at institutional and retail clients, with a strong market presence in the UK.
YTD Price Performance: -15.33%
Average Trading Volume: 1,428,915
Technical Sentiment Signal: Strong Buy
Current Market Cap: £365.6M
See more data about JUP stock on TipRanks’ Stock Analysis page.