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The latest update is out from Future plc ( (GB:FUTR) ).
Future plc has executed a share buyback, purchasing 60,000 of its Ordinary Shares at prices ranging from 688.00 to 710.00 GBp, with an average price of 699.8245 GBp. These shares will be cancelled, reducing the total number of shares in issue to 105,091,813, which will also be the new total voting rights figure. This move is part of the company’s ongoing strategy to manage its capital structure and 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 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 media industry, focusing on publishing and digital media services. The company is known for its diverse portfolio of brands and content that spans various sectors, including technology, gaming, music, and lifestyle.
Average Trading Volume: 673,314
Technical Sentiment Signal: Sell
Current Market Cap: £735.1M
For a thorough assessment of FUTR stock, go to TipRanks’ Stock Analysis page.