Future (LON:FUTR) Downgraded to “Hold” Rating by Berenberg Bank

Future (LON:FUTRGet 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

Shares of FUTR traded down GBX 15.40 during trading hours on Wednesday, hitting GBX 281.40. 2,750,819 shares of the stock were exchanged, compared to its average volume of 15,492,259. Future has a 12-month low of GBX 262.20 and a 12-month high of GBX 806. The company has a debt-to-equity ratio of 32.47, a quick ratio of 0.60 and a current ratio of 0.96. The stock’s 50-day moving average price is GBX 444.54 and its two-hundred day moving average price is GBX 544.84. The company has a market cap of £261.50 million, a price-to-earnings ratio of 4.53, a price-to-earnings-growth ratio of 0.64 and a beta of 1.22.

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

(Get Free Report)

Future is a global platform for specialist media underpinned by proprietary technology, enabled by data; with diversified revenue streams

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Analyst Recommendations for Future (LON:FUTR)

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