Future (LON:FUTR) Hits New 52-Week Low – Here’s What Happened

Future plc (LON:FUTR) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 600 and last traded at GBX 604, with a volume of 345656 shares trading hands. The stock had previously closed at GBX 608.50.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Future in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,014.50.

Future Price Performance

The company has a quick ratio of 0.60, a current ratio of 0.69 and a debt-to-equity ratio of 31.50. The firm’s fifty day moving average price is GBX 678.84 and its 200-day moving average price is GBX 704.34. The stock has a market cap of £594.59 million, a P/E ratio of 7.91, a PEG ratio of 0.64 and a beta of 1.01.

Future announced that its Board of Directors has authorized a stock buyback plan on Friday, August 1st that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

About Future

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