Insider Buying: Future (LON:FUTR) Insider Buys 7,201 Shares of Stock

Future plc (LON:FUTR) insider Mark Brooker acquired 7,201 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were purchased at an average price of GBX 553 per share, with a total value of £39,821.53.

Future Stock Performance

Shares of Future stock opened at GBX 540.50 on Monday. The firm has a market cap of £515.62 million, a PE ratio of 7.13, a price-to-earnings-growth ratio of 0.64 and a beta of 1.01. The company has a quick ratio of 0.60, a current ratio of 0.69 and a debt-to-equity ratio of 31.50. Future plc has a 52 week low of GBX 529.67 and a 52 week high of GBX 1,073. The business’s fifty day simple moving average is GBX 615.76 and its 200-day simple moving average is GBX 683.46.

Future (LON:FUTR) last posted its earnings results on Thursday, December 4th. The company reported GBX 124.20 earnings per share for the quarter. Future had a net margin of 11.69% and a return on equity of 8.41%. Equities analysts forecast that Future plc will post 116.6270784 earnings per share for the current year.

Future announced that its Board of Directors has authorized a share buyback plan on Thursday, December 4th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their price target on Future from GBX 1,280 to GBX 1,235 and set an “overweight” rating for the company in a report on Friday, December 5th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 984.

About Future

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