Future (LON:FUTR) Hits New 52-Week Low – Here’s What Happened

Future plc (LON:FUTR)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 519.97 and last traded at GBX 526, with a volume of 183116 shares. The stock had previously closed at GBX 528.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their price target on shares of 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. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 984.

Future Stock Performance

The stock has a fifty day simple moving average of GBX 592.64 and a 200-day simple moving average of GBX 670.31. The company has a quick ratio of 0.60, a current ratio of 0.69 and a debt-to-equity ratio of 31.50. The company has a market capitalization of £501.79 million, a P/E ratio of 6.94, a PEG ratio of 0.64 and a beta of 1.01.

Future (LON:FUTR) last announced its quarterly earnings results on Thursday, December 4th. The company reported GBX 124.20 earnings per share (EPS) for the quarter. Future had a net margin of 11.69% and a return on equity of 8.41%. Equities analysts forecast that Future plc will post 116.6270784 EPS for the current year.

Future declared that its board has initiated a share repurchase plan on Thursday, December 4th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Mark Brooker purchased 7,201 shares of Future stock in a transaction that occurred on Friday, December 12th. The shares were acquired at an average price of GBX 553 per share, for a total transaction of £39,821.53. Also, insider Kevin Li Ying sold 7,958 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of GBX 531, for a total transaction of £42,256.98. 5.50% of the stock is owned by corporate insiders.

Future Company Profile

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