Barclays Cuts Future (LON:FUTR) Price Target to GBX 285

Future (LON:FUTR) had its target price decreased by equities research analysts at Barclays from GBX 640 to GBX 285 in a research note issued on Wednesday,London Stock Exchange reports. The firm presently has a “neutral” rating on the stock. Barclays‘s target price suggests a potential upside of 1.28% from the company’s current price.

Several other research firms have also commented on FUTR. Jefferies Financial Group lowered shares of Future to a “hold” rating and decreased their price target for the company from GBX 1,220 to GBX 466 in a research report on Friday, March 27th. JPMorgan Chase & Co. cut their price target on Future from GBX 1,280 to GBX 1,235 and set an “overweight” rating for the company in a research note on Friday, December 5th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 662.

Future Trading Down 5.2%

FUTR traded down GBX 15.40 on Wednesday, hitting GBX 281.40. The company had a trading volume of 2,750,819 shares, compared to its average volume of 15,492,259. The company has a market cap of £261.50 million, a PE ratio of 4.53, a PEG ratio of 0.64 and a beta of 1.22. The business’s fifty day simple moving average is GBX 444.54 and its 200 day simple moving average is GBX 544.84. Future has a 12-month low of GBX 262.20 and a 12-month high of GBX 806. The company has a quick ratio of 0.60, a current ratio of 0.96 and a debt-to-equity ratio of 32.47.

Future declared that its Board of Directors has approved a share repurchase program on Thursday, December 4th that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Future

In related news, insider Ivana Kirkbride purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were purchased at an average cost of GBX 518 per share, for a total transaction of £5,180. Company insiders own 5.68% of the company’s stock.

Future Company Profile

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