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Future plc ( (GB:FUTR) ) has provided an update.
Future plc has announced the repurchase of 80,765 of its ordinary shares at an average price of 650.7433 pence per share, as part of its ongoing buyback program. The company plans to cancel these shares, which reflects its strategy to enhance shareholder value and optimize its capital structure. This transaction leaves Future plc with 99,624,685 ordinary shares in issue, indicating a continued commitment to managing its equity base effectively.
The most recent analyst rating on (GB:FUTR) stock is a Buy with a £8.20 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 Neutral.
Future plc’s overall stock score is driven primarily by its stable financial performance, despite challenges in revenue growth and profitability. The technical analysis indicates a bearish trend, which weighs down the score. Valuation suggests the stock is undervalued, providing a potential opportunity for investors, but the low dividend yield limits income potential.
To see Spark’s full report on GB:FUTR stock, click here.
More about Future plc
Average Trading Volume: 566,005
Technical Sentiment Signal: Sell
Current Market Cap: £645.7M
Find detailed analytics on FUTR stock on TipRanks’ Stock Analysis page.