Future (LON:FUTR) Hits New 12-Month Low - What's Next?

Key Points

• Future plc shares reached a new 12-month low at GBX 630.50 ($8.39) during trading, a drop from the previous closing at GBX 643 ($8.55).
• Despite recent struggles, JPMorgan maintained an "overweight" rating on Future, while the stock has an average rating of "Moderate Buy" with a price target of GBX 1,014.50.
• The company initiated a stock repurchase program as management suggests the stock may be undervalued.

Future plc (LON:FUTR - Get Free Report) shares hit a new 52-week low during trading on Friday . The stock traded as low as GBX 630.50 ($8.39) and last traded at GBX 630.50 ($8.39), with a volume of 3368067 shares. The stock had previously closed at GBX 643 ($8.55).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Future in a research report on Friday, July 18th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Future currently has an average rating of "Moderate Buy" and an average price target of GBX 1,014.50.

Future Trading Down 2.3%

The firm has a market cap of £623.03 million, a P/E ratio of 828.50, a P/E/G ratio of 0.64 and a beta of 1.01. The company has a debt-to-equity ratio of 31.50, a quick ratio of 0.60 and a current ratio of 0.69. The firm has a fifty day moving average of GBX 717.22 and a 200-day moving average of GBX 715.68.

Future announced that its Board of Directors has initiated a stock repurchase program on Friday, August 1st that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's management 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

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