Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Future (LON:FUTR) Stock Price

Future (LON:FUTR) had its price target reduced by research analysts at Deutsche Bank Aktiengesellschaft from GBX 1,875 to GBX 1,013 in a report issued on Wednesday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 254.69% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Jefferies Financial Group cut shares of Future to a “hold” rating and decreased their price objective for the stock from GBX 1,220 to GBX 466 in a research note on Friday, March 27th. JPMorgan Chase & Co. cut their target price on shares of 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. Finally, Barclays reduced their target price on Future from GBX 640 to GBX 285 and set a “neutral” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Future currently has an average rating of “Hold” and an average price target of GBX 665.80.

Future Trading Up 1.5%

Shares of Future stock opened at GBX 285.60 on Wednesday. The stock has a market capitalization of £265.40 million, a P/E ratio of 4.60, a price-to-earnings-growth ratio of 0.64 and a beta of 1.22. 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 company has a 50-day simple moving average of GBX 435.24 and a 200 day simple moving average of GBX 541.21. Future has a 12-month low of GBX 262.20 and a 12-month high of GBX 806.

Future announced that its Board of Directors has authorized a share buyback plan on Thursday, December 4th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Insider Activity

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

About Future

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