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

Key Points

• Future plc (LON:FUTR) reached a new 52-week low trading at GBX 614.50 ($8.24), with a significant trading volume of 13,748,506 shares.
• Analysts maintain a Moderate Buy rating for Future, with an average price target of GBX 1,014.50, despite its current low stock price.
• The company announced a stock repurchase plan indicating management believes their shares are undervalued, reflecting confidence in the company's future performance.

Future plc (LON:FUTR - Get Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as GBX 614.50 ($8.24) and last traded at GBX 621.94 ($8.34), with a volume of 13748506 shares traded. The stock had previously closed at GBX 627.50 ($8.41).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. restated 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 given a Hold rating to the company. According to data from MarketBeat, Future presently has an average rating of "Moderate Buy" and an average price target of GBX 1,014.50.

Future Stock Up 0.6%

The firm has a 50 day moving average of GBX 710.21 and a two-hundred day moving average of GBX 710.83. The firm has a market capitalization of £613.60 million, a price-to-earnings ratio of 815.96, a price-to-earnings-growth ratio of 0.64 and a beta of 1.01. The company has a quick ratio of 0.60, a current ratio of 0.69 and a debt-to-equity ratio of 31.50.

Future announced that its board has authorized a stock repurchase plan on Friday, August 1st that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically 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

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