Future (LON:FUTR – Get Free Report) was downgraded by stock analysts at Berenberg Bank to a “hold” rating in a report released on Wednesday,London Stock Exchange reports. They currently have a GBX 330 price objective on the stock, down from their previous price objective of GBX 970. Berenberg Bank’s target price suggests a potential upside of 17.27% from the stock’s current price.
Several other analysts have also issued reports on the stock. Jefferies Financial Group lowered shares of Future to a “hold” rating and reduced their price objective for the company from GBX 1,220 to GBX 466 in a report on Friday, March 27th. JPMorgan Chase & Co. reduced their price objective on Future from GBX 1,280 to GBX 1,235 and set an “overweight” rating on the stock in a research note on Friday, December 5th. Barclays lowered their price target on shares of Future from GBX 640 to GBX 285 and set a “neutral” rating for the company in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Future from GBX 1,875 to GBX 1,013 and set a “buy” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 665.80.
Read Our Latest Analysis on Future
Future Price Performance
Future declared that its Board of Directors has initiated a stock buyback program on Thursday, December 4th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
Insiders Place Their Bets
In related news, insider Ivana Kirkbride acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was bought at an average cost of GBX 518 per share, with a total value of £5,180. Insiders own 5.68% of the company’s stock.
About Future
Future is a global platform for specialist media underpinned by proprietary technology, enabled by data; with diversified revenue streams
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