Barclays Lowers Future (LON:FUTR) Price Target to GBX 1,350

Future (LON:FUTR – Get Rating) had its target price lowered by equities researchers at Barclays from GBX 1,620 ($20.29) to GBX 1,350 ($16.91) in a research report issued on Friday, MarketBeat reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 50.67% from the company’s current price.

FUTR has been the topic of a number of other reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,780 ($22.30) price target on shares of Future in a research report on Monday, March 27th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 2,510 ($31.44) target price on shares of Future in a research report on Tuesday, March 28th. Shore Capital reissued a “buy” rating on shares of Future in a research report on Wednesday, February 22nd. Canaccord Genuity Group began coverage on Future in a research report on Wednesday, March 1st. They issued a “sell” rating and a GBX 1,153 ($14.44) target price on the stock. Finally, Jefferies Financial Group began coverage on Future in a research report on Wednesday, March 15th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 1,788.80 ($22.41).

Future Stock Performance

Shares of FUTR stock opened at GBX 896 ($11.22) on Friday. The business’s fifty day simple moving average is GBX 1,093.54 and its 200-day simple moving average is GBX 1,306.50. The company has a market cap of £1.08 billion, a PE ratio of 896.00, a PEG ratio of 0.64 and a beta of 0.85. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 49.09. Future has a 12-month low of GBX 851 ($10.66) and a 12-month high of GBX 2,062 ($25.83).

Insiders Place Their Bets

In related news, insider Jon Steinberg purchased 90,617 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were bought at an average cost of GBX 886 ($11.10) per share, with a total value of £802,866.62 ($1,005,720.43). 7.82% of the stock is owned by insiders.

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.