Future (LON:FUTR – Get Free Report) was downgraded by research analysts at Berenberg Bank to a “hold” rating in a note issued to investors on Wednesday,London Stock Exchange reports. They presently have a GBX 330 target price on the stock, down from their previous target price of GBX 970. Berenberg Bank’s price target indicates a potential upside of 17.27% from the stock’s current price.
FUTR has been the topic of several other reports. JPMorgan Chase & Co. reduced their target price on Future from GBX 1,280 to GBX 1,235 and set an “overweight” rating on the stock in a research report on Friday, December 5th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Future from GBX 1,875 to GBX 1,013 and set a “buy” rating on the stock in a report on Wednesday. Jefferies Financial Group downgraded Future to a “hold” rating and lowered their price target for the company from GBX 1,220 to GBX 466 in a report on Friday, March 27th. Finally, Barclays decreased their target price on shares of Future from GBX 640 to GBX 285 and set a “neutral” rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Future currently has a consensus rating of “Hold” and a consensus price target of GBX 665.80.
View Our Latest Research Report on FUTR
Future Trading Down 5.2%
Future announced that its Board of Directors has initiated a share repurchase plan on Thursday, December 4th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
Insider Buying and Selling
In other news, insider Ivana Kirkbride acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was purchased at an average cost of GBX 518 per share, with a total value of £5,180. Company insiders own 5.68% of the company’s stock.
Future Company Profile
Future is a global platform for specialist media underpinned by proprietary technology, enabled by data; with diversified revenue streams
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