Future plc (LON:FUTR – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 646.17 and traded as low as GBX 512.50. Future shares last traded at GBX 527.09, with a volume of 1,418,464 shares traded.
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. reduced their target price on shares of Future from GBX 1,280 to GBX 1,235 and set an “overweight” rating for the company in a research 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 984.
Read Our Latest Report on FUTR
Future Stock Down 1.1%
Future (LON:FUTR – Get Free Report) last issued its earnings results on Thursday, December 4th. The company reported GBX 124.20 earnings per share for the quarter. Future had a net margin of 11.69% and a return on equity of 8.41%. As a group, equities analysts expect that Future plc will post 116.6270784 earnings per share for the current year.
Future declared that its board has approved a share buyback program on Thursday, December 4th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
Insider Buying and Selling
In related news, insider Kevin Li Ying sold 7,958 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of GBX 531, for a total transaction of £42,256.98. Also, insider Mark Brooker bought 7,201 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were bought at an average cost of GBX 553 per share, with a total value of £39,821.53. Company insiders own 5.50% 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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