Barclays Trims Future (LON:FUTR) Target Price to GBX 2,750

Future (LON:FUTR – Get Rating) had its price target decreased by Barclays from GBX 3,300 ($40.68) to GBX 2,750 ($33.90) in a research report released on Thursday, MarketBeat Ratings reports. Barclays currently has an overweight rating on the stock.

A number of other brokerages have also recently commented on FUTR. Berenberg Bank cut their target price on shares of Future from GBX 5,225 ($64.41) to GBX 3,600 ($44.38) and set a buy rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating on shares of Future in a report on Tuesday, February 8th. Finally, Shore Capital reaffirmed a buy rating on shares of Future in a report on Thursday, May 12th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of Buy and a consensus price target of GBX 3,418.60 ($42.14).

FUTR stock opened at GBX 1,938 ($23.89) on Thursday. The company has a current ratio of 2.23, a quick ratio of 2.10 and a debt-to-equity ratio of 63.73. Future has a twelve month low of GBX 1,820 ($22.44) and a twelve month high of GBX 3,968 ($48.92). The company’s 50 day moving average is GBX 2,358.80 and its two-hundred day moving average is GBX 2,905.86. The stock has a market cap of £2.34 billion and a P/E ratio of 33.36.

In other news, insider Zillah Byng-Thorne acquired 5,182 shares of the company’s stock in a transaction on Wednesday, May 18th. The shares were bought at an average cost of GBX 1,913 ($23.58) per share, with a total value of £99,131.66 ($122,203.72).

Future Company Profile (Get Rating)

Future plc, together with its subsidiaries, publishes content for technology, games, TV and entertainment, women's lifestyle, real life, music, creative and photography, sports, home interest, and B2B sectors primarily in the United States and the United Kingdom. It operates through Media and Magazine segments.

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