Future plc Completes Share Buyback, Cancels 120,000 Shares

Future plc ( (GB:FUTR) ) just unveiled an announcement.

Future plc has executed a share buyback program, purchasing 120,000 of its Ordinary Shares at prices ranging from 679.00 GBp to 687.00 GBp, with a volume-weighted average price of 684.7407 GBp. The purchased shares will be cancelled, reducing the total number of shares in issue to 105,558,834, which will also be the total voting rights. This move is in line with the company’s strategy to manage its capital structure and could potentially enhance shareholder value.

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 Neutral.

The overall stock score reflects stable financial performance and positive corporate actions like share buybacks, offset by bearish technical indicators and modest valuation metrics. The most significant factors are the strong financial foundation and positive corporate events, while technical analysis suggests caution.

To see Spark’s full report on GB:FUTR stock, click here.

More about Future plc

Average Trading Volume: 654,416

Technical Sentiment Signal: Sell

Current Market Cap: £707M

See more insights into FUTR stock on TipRanks’ Stock Analysis page.