JPMorgan Chase & Co. Cuts Future (LON:FUTR) Price Target to GBX 1,235

Future (LON:FUTR) had its price objective lowered by JPMorgan Chase & Co. from GBX 1,280 to GBX 1,235 in a research report released on Friday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Future Stock Performance

Future stock opened at GBX 634 on Friday. The company’s 50-day moving average price is GBX 625.60 and its 200-day moving average price is GBX 687.35. The company has a quick ratio of 0.60, a current ratio of 0.69 and a debt-to-equity ratio of 31.50. The company has a market cap of £604.82 million, a PE ratio of 8.36, a price-to-earnings-growth ratio of 0.64 and a beta of 1.01. Future has a twelve month low of GBX 569 and a twelve month high of GBX 1,132.

Future (LON:FUTR) last released its earnings results on Thursday, December 4th. The company reported GBX 124.20 EPS for the quarter. Future had a return on equity of 8.41% and a net margin of 11.69%. On average, equities research analysts forecast that Future will post 116.6270784 EPS for the current fiscal year.

Future declared that its board has initiated a share repurchase plan on Thursday, December 4th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Future Company Profile

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