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Future plc ( (GB:FUTR) ) has shared an announcement.
Future plc has announced the repurchase of 105,505 of its ordinary shares at an average price of 711.2167 pence per share, as part of its ongoing share buyback program. The company intends to cancel these shares, reducing the total number of shares in issue to 103,371,990. This move is part of a larger buyback initiative that has seen the company repurchase 421,641 shares since the start of August, costing over £3 million. The cancellation of shares is expected to enhance shareholder value and optimize the company’s capital structure.
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 driven by its strong valuation metrics and positive corporate events, particularly the share buyback program, which signals confidence in the company’s prospects. While financial performance is stable, improvements in revenue growth and profitability margins could further enhance the score. Technical analysis presents a neutral outlook, indicating potential but not strong bullish trends.
To see Spark’s full report on GB:FUTR stock, click here.
More about Future plc
Average Trading Volume: 706,073
Technical Sentiment Signal: Sell
Current Market Cap: £742.5M
See more insights into FUTR stock on TipRanks’ Stock Analysis page.