Future plc Executes Share Buyback, Cancelling 97,921 Shares

An update from Future plc ( (GB:FUTR) ) is now available.

Future plc has announced the repurchase of 97,921 of its Ordinary 15p Shares as part of its ongoing share buyback program. The shares were bought at prices ranging from 694.00 GBp to 714.50 GBp and will be canceled, leaving the company with 105,175,424 shares in issue. This move is part of the company’s strategy to manage its capital structure and could impact shareholder voting rights and obligations under the FCA’s Disclosure Guidance and Transparency Rules.

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 score is driven by its stable financial performance and supportive corporate events like share buybacks, which underline management’s confidence. However, the neutral technical indicators and the need for improved profitability margins limit the score.

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

More about Future plc

Average Trading Volume: 668,024

Technical Sentiment Signal: Sell

Current Market Cap: £726.9M

For a thorough assessment of FUTR stock, go to TipRanks’ Stock Analysis page.