Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Future plc ( (GB:FUTR) ) has provided an announcement.
Future plc has announced a share buyback transaction as part of its previously announced Share Buyback Programme. The company purchased 50,000 of its Ordinary Shares at prices ranging from 726.50 GBp to 746.00 GBp, with a volume-weighted average price of 732.9722 GBp. These shares will be cancelled, reducing the total number of shares in issue to 104,884,575, which will also be the total voting rights in the company. This move is in line with the company’s strategy to manage its capital structure and could 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 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: 742,944
Technical Sentiment Signal: Sell
Current Market Cap: £753M
For a thorough assessment of FUTR stock, go to TipRanks’ Stock Analysis page.