Future plc Launches £55 Million Share Buyback Program

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

Future plc has announced the commencement of a new share buyback program, aiming to repurchase shares worth up to £55 million. This initiative, which follows the completion of a previous buyback program, is part of the company’s capital reduction strategy. The program will be executed by J.P. Morgan Securities plc and will adhere to UK regulatory requirements. The company plans to cancel the repurchased shares, and the board will continue to review the program against its capital allocation priorities.

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 driven by strong valuation and positive corporate events, notably share buybacks. Financial performance is stable but has areas for improvement, particularly in profitability and revenue growth. Technical analysis shows mixed signals, with a bearish trend in price movements.

To see Spark’s full report on GB:FUTR stock, click here.

More about Future plc

Future plc is a global platform for specialist media, operating around 200 brands across diversified content verticals. The company holds multiple market-leading positions and utilizes three core monetization frameworks: advertising, eCommerce affiliate, and direct consumer monetization through subscriptions and magazine sales. Future plc’s content is distributed via websites, email newsletters, videos, magazines, and live events, with a strategic focus on growing engaged audiences, diversifying revenue per user, and optimizing its portfolio.

Average Trading Volume: 716,299

Technical Sentiment Signal: Sell

Current Market Cap: £726.4M

Find detailed analytics on FUTR stock on TipRanks’ Stock Analysis page.