Future (LON:FUTR) Stock Rating Lowered by Berenberg Bank

Future (LON:FUTR) was downgraded by stock analysts at Berenberg Bank to a “hold” rating in a note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 330 price objective on the stock, down from their previous price objective of GBX 970. Berenberg Bank’s target price points to a potential upside of 15.55% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Future from GBX 1,280 to GBX 1,235 and set an “overweight” rating for the company in a report on Friday, December 5th. Jefferies Financial Group lowered Future to a “hold” rating and cut their target price for the company from GBX 1,220 to GBX 466 in a report on Friday, March 27th. Barclays reduced their price target on Future from GBX 640 to GBX 285 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Future from GBX 1,875 to GBX 1,013 and set a “buy” rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 665.80.

Future Stock Performance

Shares of FUTR opened at GBX 285.60 on Wednesday. The company’s fifty day moving average is GBX 435.24 and its 200-day moving average is GBX 541.21. Future has a 12 month low of GBX 262.20 and a 12 month high of GBX 806. The firm has a market cap of £265.40 million, a price-to-earnings 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.

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

Insider Activity

In other news, insider Ivana Kirkbride bought 1,000 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were acquired at an average cost of GBX 518 per share, for a total transaction of £5,180. Corporate insiders own 5.68% of the company’s stock.

Future Company Profile

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