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

Key Points

• Shares of Future plc hit a new 52-week low with trading prices of GBX 601.50 ($8.04) and last recorded at GBX 620.31 ($8.29), indicating significant market volatility.
• The company has received an "overweight" rating from JPMorgan Chase & Co., contributing to an average rating of "Moderate Buy" among analysts with a consensus target price of GBX 1,014.50.
• Future announced a stock repurchase program approved by its board, which is typically seen as a sign the company believes its stock is undervalued.

Shares of Future plc (LON:FUTR - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 601.50 ($8.04) and last traded at GBX 620.31 ($8.29), with a volume of 401803 shares. The stock had previously closed at GBX 612 ($8.18).

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 analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 1,014.50.

Future Stock Performance

The firm has a 50-day moving average price of GBX 700.82 and a 200 day moving average price of GBX 707.21. The firm has a market capitalization of £621.54 million, a PE ratio of 8.27, 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 declared that its board has approved a stock repurchase program on Friday, August 1st that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication 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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