Future (LON:FUTR) PT Lowered to GBX 668

Future (LON:FUTR – Get Rating) had its price target reduced by Canaccord Genuity Group from GBX 1,153 ($14.34) to GBX 668 ($8.31) in a research report sent to investors on Tuesday, Marketbeat.com reports. They currently have a sell rating on the stock.

Several other research firms have also recently issued reports on FUTR. Shore Capital reissued a buy rating on shares of Future in a research note on Monday. Berenberg Bank reaffirmed a buy rating and set a GBX 1,780 ($22.14) target price on shares of Future in a research note on Monday, March 27th. Barclays lowered their target price on shares of Future from GBX 1,620 ($20.15) to GBX 1,350 ($16.79) and set an overweight rating for the company in a research note on Friday, May 19th. Deutsche Bank Aktiengesellschaft decreased their price target on Future from GBX 2,621 ($32.60) to GBX 1,654 ($20.57) and set a buy rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. decreased their price target on Future from GBX 2,510 ($31.22) to GBX 2,040 ($25.37) and set an overweight rating on the stock in a research note on Friday, May 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of GBX 1,498.40 ($18.64).

Future Price Performance

FUTR stock opened at GBX 834 ($10.37) on Tuesday. The business has a fifty day moving average of GBX 1,081.33 and a two-hundred day moving average of GBX 1,300.18. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 49.09. The stock has a market cap of £1.01 billion, a price-to-earnings ratio of 834.00, a price-to-earnings-growth ratio of 0.64 and a beta of 0.85. Future has a 52-week low of GBX 834 ($10.37) and a 52-week high of GBX 2,062 ($25.65).

Insiders Place Their Bets

In other Future news, insider Jon Steinberg purchased 90,617 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was acquired at an average price of GBX 886 ($11.02) per share, for a total transaction of £802,866.62 ($998,590.32). Insiders own 7.82% of the company’s stock.

About Future

(Get Rating)

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.