Future (LON:FUTR) Downgraded to “Hold” Rating by Jefferies Financial Group

Jefferies Financial Group lowered shares of Future (LON:FUTR) to a hold rating in a report published on Friday morning,London Stock Exchange reports. The firm currently has GBX 466 target price on the stock, down from their prior target price of GBX 1,220.

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

Future Stock Performance

Future stock opened at GBX 389.65 on Friday. The company has a debt-to-equity ratio of 32.47, a quick ratio of 0.60 and a current ratio of 0.96. The company has a 50 day moving average price of GBX 450.56 and a 200-day moving average price of GBX 552.72. The company has a market capitalization of £362.09 million, a PE ratio of 6.27, 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.

Future declared that its Board of Directors has approved a share repurchase program on Thursday, December 4th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Ivana Kirkbride bought 1,000 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were acquired at an average price of GBX 518 per share, with a total value 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