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Future plc ( (GB:FUTR) ) has shared an update.
Future plc announced the purchase of 37,238 of its own ordinary shares as part of its ongoing share buyback program. The shares, purchased at prices ranging from 697.00 GBp to 704.50 GBp, will be cancelled, reducing the total number of shares in issue to 105,054,575. This move is expected to enhance shareholder value by reducing the number of shares outstanding, thereby increasing the earnings per share and potentially improving the company’s stock price.
The most recent analyst rating on (GB:FUTR) stock is a Buy with a £13.10 price target. To see the full list of analyst forecasts on Future plc stock, see the GB:FUTR Stock Forecast page.
Spark’s Take on GB:FUTR Stock
According to Spark, TipRanks’ AI Analyst, GB:FUTR is a Outperform.
Future plc’s overall stock score is influenced mainly by its stable financial performance and strategic share buybacks, signaling confidence in its financial health. The attractive valuation provides potential upside, while technical indicators suggest a cautious but neutral outlook.
To see Spark’s full report on GB:FUTR stock, click here.
More about Future plc
Future plc operates in the publishing industry, focusing on creating content across various sectors including technology, gaming, music, and entertainment. The company offers a range of products and services such as magazines, websites, and events, targeting a global audience with a strong emphasis on digital media.
Average Trading Volume: 674,261
Technical Sentiment Signal: Sell
Current Market Cap: £723.5M
See more data about FUTR stock on TipRanks’ Stock Analysis page.