Berenberg Bank Trims Future (LON:FUTR) Target Price to GBX 1,780

Future (LON:FUTR – Get Rating) had its price target cut by stock analysts at Berenberg Bank from GBX 2,600 ($31.69) to GBX 1,780 ($21.69) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 59.93% from the stock’s current price.

FUTR has been the topic of a number of other reports. Shore Capital reaffirmed a “buy” rating on shares of Future in a report on Wednesday, February 22nd. Barclays decreased their price objective on Future from GBX 1,920 ($23.40) to GBX 1,915 ($23.34) and set an “overweight” rating on the stock in a report on Thursday, February 9th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 2,500 ($30.47) price objective on shares of Future in a report on Wednesday, November 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on Future from GBX 2,852 ($34.76) to GBX 2,621 ($31.94) and set a “buy” rating on the stock in a report on Wednesday, December 7th. Finally, Canaccord Genuity Group began coverage on shares of Future in a research note on Wednesday, March 1st. They issued a “sell” rating and a GBX 1,153 ($14.05) target price for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,993.80 ($24.30).

Future Stock Up 0.5 %

FUTR stock opened at GBX 1,113 ($13.56) on Wednesday. Future has a twelve month low of GBX 1,074.90 ($13.10) and a twelve month high of GBX 2,778 ($33.86). The company has a market cap of £1.35 billion, a PE ratio of 1,068.32, a price-to-earnings-growth ratio of 0.64 and a beta of 0.90. The business’s 50-day simple moving average is GBX 1,441.82 and its 200 day simple moving average is GBX 1,409.45. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 49.09.

About Future

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Future plc, together with its subsidiaries, publishes and distributes content for games, entertainment, technology, sports, savings and wealth, lifestyle, knowledge and news, and B2B sectors primarily in the United States and the United Kingdom. It operates through Media and Magazine segments. The company offers content through various forms, such as websites, email newsletters, videos, social platforms, magazines, and events, as well as advertising comprising digital advertising, AVOD, newsletters, events, and lead generation; eCommerce, including print and digital subscriptions, and newstrade; and direct consumer monetisation frameworks.