Canaccord Genuity Group Has Lowered Expectations for Future (LON:FUTR) Stock Price

Key Points

• Canaccord Genuity cut its price target on Future from GBX 733 to GBX 358 and left a "hold" rating, part of a broader round of analyst downgrades that leaves a consensus "Hold" rating and an average target of GBX 614.50.
• Shares traded at GBX 333.57 (down ~2.1%), below both the 50‑day (GBX 377.95) and 200‑day (GBX 502.65) moving averages, with a market cap of ~£308.22m and a low P/E of 5.37.
• Insider Ivana Kirkbride purchased 1,000 shares at GBX 518, and company insiders own about 4.46% of the stock.

Future (LON:FUTR - Get Free Report) had its price objective reduced by stock analysts at Canaccord Genuity Group from GBX 733 to GBX 358 in a research report issued on Friday,Digital Look reports. The brokerage currently has a "hold" rating on the stock. Canaccord Genuity Group's target price points to a potential upside of 7.32% from the stock's previous close.

A number of other equities analysts have also commented on FUTR. Deutsche Bank Aktiengesellschaft cut their price objective on Future from GBX 1,875 to GBX 1,013 and set a "buy" rating on the stock in a research note on Wednesday, April 1st. Jefferies Financial Group downgraded shares of Future to a "hold" rating and decreased their target price for the company from GBX 1,220 to GBX 466 in a research report on Friday, March 27th. Barclays dropped their price target on shares of Future from GBX 640 to GBX 285 and set a "neutral" rating on the stock in a research report on Wednesday, April 1st. Finally, Berenberg Bank lowered shares of Future to a "hold" rating and reduced their price objective for the company from GBX 970 to GBX 330 in a research note on Wednesday, April 1st. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Future has an average rating of "Hold" and a consensus target price of GBX 614.50.

Future Trading Down 2.1%

FUTR traded down GBX 7.03 during midday trading on Friday, hitting GBX 333.57. 369,330 shares of the company were exchanged, compared to its average volume of 13,334,091. The firm's 50 day moving average price is GBX 377.95 and its 200-day moving average price is GBX 502.65. Future has a 1-year low of GBX 262.20 and a 1-year high of GBX 806. The firm has a market capitalization of £308.22 million, a P/E ratio of 5.37, a P/E/G ratio of 0.64 and a beta of 1.34. The company has a quick ratio of 0.60, a current ratio of 0.96 and a debt-to-equity ratio of 32.47.

Insider Activity

In other Future news, insider Ivana Kirkbride acquired 1,000 shares of the company's stock in a transaction dated Wednesday, February 4th. The shares were bought at an average cost of GBX 518 per share, with a total value of £5,180. 4.46% of the stock is owned by corporate insiders.

About Future

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

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