Barclays Has Lowered Expectations for Future (LON:FUTR) Stock Price

Future (LON:FUTR) had its price target lowered by Barclays from GBX 640 to GBX 285 in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. The brokerage presently has a “neutral” rating on the stock. Barclays‘s target price would indicate a potential downside of 0.21% from the company’s current price.

Several other equities research analysts have also weighed in on FUTR. JPMorgan Chase & Co. lowered 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. Jefferies Financial Group lowered Future to a “hold” rating and decreased their price target for the company from GBX 1,220 to GBX 466 in a research note on Friday, March 27th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of GBX 665.80.

Future Stock Performance

LON:FUTR opened at GBX 285.60 on Wednesday. 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. The firm has a market capitalization of £265.40 million, a PE ratio of 4.60, a price-to-earnings-growth ratio of 0.64 and a beta of 1.22. The firm has a 50-day moving average price of GBX 435.24 and a 200 day moving average price of GBX 541.21.

Future announced that its Board of Directors has initiated 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 generally a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Future

In other news, insider Ivana Kirkbride purchased 1,000 shares of Future stock in a transaction on Wednesday, February 4th. The shares were purchased at an average cost of GBX 518 per share, for a total transaction of £5,180. 5.68% of the stock is owned by corporate insiders.

Future Company Profile

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