Future plc Executes Share Buyback, Cancels 100,000 Shares

Future plc ( (GB:FUTR) ) has issued an announcement.

Future plc has announced a transaction involving the repurchase of 100,000 of its Ordinary 15p Shares as part of its ongoing share buyback program. The shares were purchased at prices ranging from 670.00 GBp to 683.50 GBp and will be cancelled, reducing the total number of shares in issue to 105,678,834, with no shares held in treasury. This move is in line with the company’s 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 Neutral.

Future plc’s overall stock score reflects a stable financial performance and attractive valuation, offset by bearish technical indicators. The company’s strategic initiatives, such as share buybacks and insider buying, provide additional support to the stock’s long-term potential. However, the current market momentum presents short-term challenges.

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

More about Future plc

Average Trading Volume: 645,657

Technical Sentiment Signal: Sell

Current Market Cap: £701.5M

For an in-depth examination of FUTR stock, go to TipRanks’ Stock Analysis page.