Fuller’s Concludes £6.25m Buyback and Extends Programme for Further Share Purchases

Fuller Smith & Turner ( (GB:FSTA) ) has shared an update.

Fuller, Smith & Turner has completed its previously announced share buyback programme, repurchasing a total of one million “A” Ordinary Shares for £6.25 million at an average price of 625.1484 pence, and has immediately moved to extend the programme with Deutsche Numis to acquire an additional one million “A” shares. The latest purchase of 12,234 shares at 726 pence each will be held in treasury, leaving the group with 36.45 million “A” shares in issue, of which 4.52 million are in treasury and 31.92 million carry voting rights, a capital management move that tightens the free float and may support earnings per share and shareholder value while altering the denominator used for regulatory disclosures of significant shareholdings.

The most recent analyst rating on (GB:FSTA) stock is a Buy with a £847.00 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., commonly known as Fuller’s, is a UK-listed company with “A” Ordinary Shares traded on the London Stock Exchange. The company operates under FCA disclosure and transparency rules and manages its capital structure actively through share buyback programmes and the use of treasury shares to influence its share capital and voting rights base.

Average Trading Volume: 30,396

Technical Sentiment Signal: Buy

Current Market Cap: £391.4M

Learn more about FSTA stock on TipRanks’ Stock Analysis page.