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Fuller Smith & Turner ( (GB:FSTA) ) just unveiled an announcement.
Fuller, Smith & Turner has launched a new share buyback programme, mandating Deutsche Bank AG’s London branch (trading as Deutsche Numis) to repurchase up to 1 million “A” ordinary shares of 40 pence each. The move follows the completion of a previous buyback and is framed as consistent with the company’s capital allocation framework, with the board emphasising that the current share price represents a significant discount to underlying net asset value and that the programme is expected to enhance earnings per share. Purchases will be executed on the London Stock Exchange under existing shareholder authorities and in line with UK listing rules, though the limited liquidity in the stock means daily repurchases may exceed 25% of average trading volume, meaning the company will not benefit from certain regulatory safe-harbour provisions; this underlines both the scale of the buyback relative to market liquidity and its potential impact on trading dynamics for existing shareholders.
The most recent analyst rating on (GB:FSTA) stock is a Hold with a £799.00 price target. To see the full list of analyst forecasts on Fuller Smith & Turner stock, see the GB:FSTA Stock Forecast page.
Spark’s Take on GB:FSTA Stock
According to Spark, TipRanks’ AI Analyst, GB:FSTA is a Outperform.
Fuller Smith & Turner demonstrates strong technical momentum and positive corporate actions, which are the most significant factors driving the score. Financial performance is solid, though improvements in free cash flow and return on equity could enhance the outlook. Valuation is fair, providing a balanced risk-reward profile.
To see Spark’s full report on GB:FSTA stock, click here.
More about Fuller Smith & Turner
Fuller, Smith & Turner P.L.C. is a UK-listed company whose “A” ordinary shares trade on the London Stock Exchange. The group operates within the broader hospitality and leisure sector, with its equity story focused on long-term sustainable growth and maximising shareholder value through disciplined capital allocation and balance sheet management.
Average Trading Volume: 29,964
Technical Sentiment Signal: Buy
Current Market Cap: £390.3M
For an in-depth examination of FSTA stock, go to TipRanks’ Overview page.