Deutsche Bank Raises Future (LON:FUTR) Price Target to GBX 1,659

Future (LON:FUTR) had its price target hoisted by Deutsche Bank from GBX 1,562 ($20.41) to GBX 1,659 ($21.68) in a research note issued to investors on Monday, Stock Target Advisor reports. The brokerage currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. Peel Hunt restated a buy rating on shares of Future in a research report on Friday. Berenberg Bank upped their price objective on Future from GBX 1,530 ($19.99) to GBX 1,755 ($22.93) and gave the stock a buy rating in a research report on Monday, November 4th. Five research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and an average price target of GBX 1,349.80 ($17.64).

Shares of FUTR stock traded down GBX 84 ($1.10) on Monday, hitting GBX 1,444 ($18.87). 383,755 shares of the company’s stock were exchanged, compared to its average volume of 114,539. The company has a debt-to-equity ratio of 23.85, a current ratio of 0.72 and a quick ratio of 0.72. Future has a 12 month low of GBX 460 ($6.01) and a 12 month high of GBX 1,566 ($20.46). The stock has a market cap of $1.35 billion and a P/E ratio of 164.09. The company has a 50 day moving average of GBX 1,315.50 and a 200 day moving average of GBX 1,121.57.

The firm also recently disclosed a dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be given a dividend of GBX 1 ($0.01) per share. This is an increase from Future’s previous dividend of $0.50. This represents a dividend yield of 0.07%. The ex-dividend date is Thursday, January 16th. Future’s dividend payout ratio is currently 0.11%.

In related news, insider Zillah Byng-Maddick sold 160,770 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of GBX 479 ($6.26), for a total transaction of £770,088.30 ($1,006,256.76).

About Future

Future plc, together with its subsidiaries, publishes content for technology, games and entertainment, music, photography and design, hobbies, home interest, and B2B sectors in Europe, North America, the Asia Pacific, and Australia. It operates through two segments, Media and Magazine. The company publishes magazines; operates online sites; and organizes events.

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