Future plc Executes Share Buyback, Reduces Share Count

Future plc ( (GB:FUTR) ) just unveiled an announcement.

Future plc has executed a share buyback as part of its ongoing program, purchasing 21,746 of its Ordinary Shares at prices ranging from 731 GBp to 739 GBp. This move reduces the total number of shares in circulation to 105,373,345, impacting the company’s voting rights and potentially signaling confidence in its financial health to stakeholders.

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 stock is supported by stable financial performance and an attractive valuation, bolstered by strategic share buybacks that reflect management confidence. However, technical indicators suggest some bearish trends that could pose risks.

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 content. The company provides a range of products and services including magazines, websites, and events, catering to various market segments such as technology, gaming, music, and lifestyle.

Average Trading Volume: 660,106

Technical Sentiment Signal: Sell

Current Market Cap: £760.1M

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