JPMorgan Chase & Co. Lowers Future (LON:FUTR) Price Target to GBX 1,235

Future (LON:FUTR) had its price objective lowered by analysts at JPMorgan Chase & Co. from GBX 1,280 to GBX 1,235 in a note issued to investors on Friday,Digital Look reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 94.79% from the stock’s previous close.

Future Price Performance

Shares of LON FUTR traded down GBX 4.50 during midday trading on Friday, hitting GBX 634. 705,469 shares of the company’s stock were exchanged, compared to its average volume of 933,179. The company has a current ratio of 0.69, a quick ratio of 0.60 and a debt-to-equity ratio of 31.50. The business’s fifty day moving average price is GBX 625.99 and its two-hundred day moving average price is GBX 687.01. The company has a market cap of £617.43 million, a price-to-earnings ratio of 8.36, a PEG ratio of 0.64 and a beta of 1.01. Future has a 12-month low of GBX 569 and a 12-month high of GBX 1,132.

Future (LON:FUTR) last announced 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, research analysts forecast that Future will post 116.6270784 EPS for the current fiscal year.

Future announced that its board has initiated a share repurchase program on Thursday, December 4th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Future Company Profile

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