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The latest announcement is out from Future plc ( (GB:FUTR) ).
Future plc has announced the repurchase of 14,271 of its ordinary shares, each valued at 15 pence, through ABN AMRO Bank N.V. The shares were bought at prices ranging from 525.0000 to 548.0000 pence, with an average price of 534.3843 pence per share. The company intends to cancel these shares, which were acquired at a total cost of £76,721.06. Following this transaction, Future plc holds no ordinary shares in treasury and has 95,575,401 ordinary shares in issue. This move is part of a buyback program and is expected to impact the company’s share capital structure.
The most recent analyst rating on (GB:FUTR) stock is a Hold with a £595.00 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 reflects a mix of challenges and opportunities. The most significant factor is the financial performance, which is under pressure due to declining revenue and profitability. Technical analysis indicates bearish momentum, further impacting the score. However, the valuation suggests the stock may be undervalued, and strategic initiatives discussed in the earnings call provide some optimism for future growth. Addressing revenue growth and profitability will be key to improving the stock’s outlook.
To see Spark’s full report on GB:FUTR stock, click here.
More about Future plc
Average Trading Volume: 749,083
Technical Sentiment Signal: Sell
Current Market Cap: £500.6M
Find detailed analytics on FUTR stock on TipRanks’ Stock Analysis page.