Future (LON:FUTR) Rating Lowered to Hold at Jefferies Financial Group

Future (LON:FUTR) was downgraded by equities research analysts at Jefferies Financial Group to a “hold” rating in a report released on Friday, Marketbeat.com reports. They currently have a GBX 466 price objective on the stock, down from their previous price objective of GBX 1,220. Jefferies Financial Group’s price objective would indicate a potential upside of 19.59% from the company’s current price.

Separately, JPMorgan Chase & Co. lowered their price target 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. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Future has an average rating of “Hold” and an average price target of GBX 811.33.

Future Trading Down 7.2%

Shares of FUTR stock opened at GBX 389.65 on Friday. The firm’s 50-day simple moving average is GBX 450.56 and its 200-day simple moving average is GBX 551.44. The firm has a market cap of £362.09 million, a P/E ratio of 6.27, a PEG ratio of 0.64 and a beta of 1.22. The company has a debt-to-equity ratio of 32.47, a current ratio of 0.96 and a quick ratio of 0.60. Future has a 1-year low of GBX 361.52 and a 1-year high of GBX 806.

Future announced that its board has authorized a stock repurchase program on Thursday, December 4th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Ivana Kirkbride bought 1,000 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was bought at an average cost of GBX 518 per share, for a total transaction of £5,180. Corporate 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