Future plc Executes Share Buyback, Cancels 100,000 Shares

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

Future plc has announced the purchase and cancellation of 100,000 of its Ordinary Shares as part of its ongoing share buyback programme. This transaction reduces the total number of shares in issue to 105,273,345, impacting the company’s voting rights structure and potentially influencing 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 reflects a stable financial foundation with attractive valuation metrics. The company’s proactive corporate actions, such as share buybacks, further enhance the score. However, technical analysis indicates some caution due to potential resistance levels in price movements.

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

More about Future plc

Future plc operates in the media and publishing industry, focusing on the creation of content across various platforms including magazines, websites, and events. The company targets a diverse market with interests in technology, gaming, music, and lifestyle.

Average Trading Volume: 660,106

Technical Sentiment Signal: Sell

Current Market Cap: £760.1M

Learn more about FUTR stock on TipRanks’ Stock Analysis page.