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Future plc ( (GB:FUTR) ) just unveiled an update.
Future plc has executed a share buyback program, purchasing 40,000 of its Ordinary 15p Shares through Deutsche Numis at prices ranging from 710.00 GBp to 720.00 GBp. The shares acquired will be cancelled, reducing the total number of shares in issue to 104,974,575, which will also be the total voting rights available. This move is part of a previously announced buyback strategy, potentially impacting shareholder value and market perception.
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 strong valuation and positive corporate events, such as the share buyback program and insider purchases, are significant factors supporting the stock. Stable financial performance with room for improvement in revenue and profitability also contributes positively. Technical analysis presents a neutral outlook.
To see Spark’s full report on GB:FUTR stock, click here.
More about Future plc
Average Trading Volume: 703,989
Technical Sentiment Signal: Sell
Current Market Cap: £731.9M
See more data about FUTR stock on TipRanks’ Stock Analysis page.