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Future plc ( (GB:FUTR) ) has issued an update.
Future plc announced the purchase of 40,000 of its Ordinary Shares as part of its ongoing share buyback programme. The shares were bought at prices ranging from 694.50 GBp to 706.00 GBp and will be cancelled, leaving the company with 105,014,575 shares in issue. This move is part of Future’s strategy to manage its capital structure and 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 stock is supported by a strong valuation and positive corporate actions, such as share buybacks. However, its financial performance and technical analysis indicate areas needing attention, particularly in revenue growth and market momentum.
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 magazines, websites, and events, targeting various consumer and business markets.
Average Trading Volume: 666,730
Technical Sentiment Signal: Sell
Current Market Cap: £729.8M
Find detailed analytics on FUTR stock on TipRanks’ Stock Analysis page.