Future (LON:FUTR) Stock Rating Lowered by Jefferies Financial Group

Future (LON:FUTR) was downgraded by stock analysts at Jefferies Financial Group to a “hold” rating in a research note issued to investors on Friday,London Stock Exchange reports. They presently have a GBX 466 target price on the stock, down from their prior target price of GBX 1,220. Jefferies Financial Group’s price target indicates a potential upside of 26.29% from the company’s previous close.

Separately, JPMorgan Chase & Co. dropped their price target on Future from GBX 1,280 to GBX 1,235 and set an “overweight” rating for the company in a research note on Friday, December 5th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 811.33.

Future Stock Performance

Shares of Future stock opened at GBX 369 on Friday. The company’s 50 day moving average price is GBX 452.98 and its two-hundred day moving average price is GBX 555.24. The firm has a market capitalization of £342.90 million, a P/E ratio of 5.94, a P/E/G ratio of 0.64 and a beta of 1.22. Future has a fifty-two week low of GBX 361.52 and a fifty-two week high of GBX 806. The company has a debt-to-equity ratio of 32.47, a current ratio of 0.96 and a quick ratio of 0.60.

Future declared that its Board of Directors has approved a share repurchase program on Thursday, December 4th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Future

In related news, insider Ivana Kirkbride acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was acquired at an average cost of GBX 518 per share, for a total transaction of £5,180. 5.68% of the stock is currently owned by corporate insiders.

About Future

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