Future (LON:FUTR) Shares Down 11.5% – What’s Next?

Future plc (LON:FUTR)’s stock price dropped 11.5% during trading on Friday . The company traded as low as GBX 370.27 and last traded at GBX 371.60. Approximately 1,813,802 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 16,112,883 shares. The stock had previously closed at GBX 420.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their price objective on shares of Future from GBX 1,280 to GBX 1,235 and set an “overweight” rating on the stock in a report on Friday, December 5th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Future has a consensus rating of “Moderate Buy” and an average target price of GBX 984.

Future Stock Down 12.5%

The stock has a market cap of £341.60 million, a price-to-earnings ratio of 5.92, a PEG ratio of 0.64 and a beta of 1.22. The stock has a 50 day simple moving average of GBX 452.98 and a 200 day simple moving average of GBX 555.24. 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 declared that its Board of Directors has initiated a share repurchase program on Thursday, December 4th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Future

In other Future news, insider Ivana Kirkbride purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was acquired at an average price of GBX 518 per share, for a total transaction of £5,180. Insiders own 5.68% of the company’s stock.

About Future

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