Future (LON:FUTR) Price Target Cut to GBX 3,600 by Analysts at Berenberg Bank

Future (LON:FUTRGet Rating) had its target price decreased by Berenberg Bank from GBX 5,225 ($64.41) to GBX 3,600 ($44.38) in a report published on Wednesday, MarketBeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

A number of other analysts have also issued reports on the company. Barclays reissued an overweight rating and issued a GBX 3,900 ($48.08) price target on shares of Future in a research note on Friday, January 28th. Shore Capital reaffirmed a buy rating on shares of Future in a research note on Thursday, May 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a buy rating on shares of Future in a research note on Tuesday, February 8th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus target price of GBX 3,418.60 ($42.14).

Shares of LON:FUTR opened at GBX 1,938 ($23.89) on Wednesday. The stock’s 50-day moving average price is GBX 2,358.80 and its two-hundred day moving average price is GBX 2,905.86. 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 12-month low of GBX 1,820 ($22.44) and a 12-month high of GBX 3,968 ($48.92). The firm has a market cap of £2.34 billion and a price-to-earnings ratio of 33.36.

In related news, insider Zillah Byng-Thorne bought 5,182 shares of the company’s stock in a transaction that occurred on Wednesday, May 18th. The shares were acquired at an average cost of GBX 1,913 ($23.58) per share, for a total transaction 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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Analyst Recommendations for Future (LON:FUTR)

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