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The latest update is out from Future plc ( (GB:FUTR) ).
Future plc has announced the repurchase of 62,124 of its Ordinary 15p Shares as part of its ongoing share buyback program. This transaction, executed through Deutsche Numis, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value. The shares were bought at prices ranging from 685.50 GBp to 697.50 GBp and will be cancelled, leaving the company with 105,496,710 shares in issue. This move may impact the company’s market positioning by signaling confidence in its financial health and commitment to returning value to shareholders.
The most recent analyst rating on (GB:FUTR) stock is a Buy with a £12.05 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 is buoyed by strong corporate actions like share buybacks and insider buying, indicating confidence in future performance. While the stock shows undervaluation, technical indicators suggest bearish momentum, and financial performance highlights areas for improvement in growth and profitability.
To see Spark’s full report on GB:FUTR stock, click here.
More about Future plc
Average Trading Volume: 654,416
Technical Sentiment Signal: Sell
Current Market Cap: £707M
Learn more about FUTR stock on TipRanks’ Stock Analysis page.
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