Future plc Executes Share Buyback, Cancels 50,000 Shares

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

Future plc has executed a share buyback, purchasing 50,000 of its Ordinary Shares as part of its ongoing Share Buyback Programme. The shares, acquired at prices ranging from 675.50 GBp to 686.00 GBp, will be cancelled, reducing the total number of shares in issue to 105,818,834. This move is likely to impact the company’s market positioning by potentially increasing shareholder value and adjusting the total voting rights, which stakeholders can use for regulatory calculations.

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 its solid financial fundamentals, particularly in cash flow and valuation. However, technical indicators reveal bearish trends which weigh down the score. The lack of recent earnings call data limits further insights into the company’s strategic 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 across various sectors, including technology, gaming, music, and lifestyle, catering to a wide range of audiences and advertisers.

Average Trading Volume: 632,012

Technical Sentiment Signal: Sell

Current Market Cap: £702.4M

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