Future (LON:FUTR) Cut to Hold at Jefferies Financial Group

Jefferies Financial Group cut shares of Future (LON:FUTRFree Report) to a hold rating in a research report released on Friday, Marketbeat.com reports. Jefferies Financial Group currently has GBX 466 target price on the stock, down from their prior target price of GBX 1,220.

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 two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 811.33.

Check Out Our Latest Stock Report on Future

Future Stock Down 7.2%

Shares of Future stock opened at GBX 389.65 on Friday. Future has a one year low of GBX 361.52 and a one year high of GBX 806. The firm has a fifty day moving average of GBX 450.56 and a two-hundred day moving average of GBX 550.25. The company has a market cap of £362.09 million, a P/E ratio of 6.27, a PEG ratio of 0.64 and a beta of 1.22. The company has a debt-to-equity ratio of 32.47, a quick ratio of 0.60 and a current ratio of 0.96.

Future declared that its board has authorized a share repurchase plan on Thursday, December 4th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Future

In other Future news, insider Ivana Kirkbride bought 1,000 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were acquired at an average cost of GBX 518 per share, with a total value of £5,180. 5.68% of the stock is owned by corporate insiders.

About Future

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

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