Future (LON:FUTR) Shares Down 11.5% - Time to Sell?

Key Points

• Shares fell 11.5% on Friday to GBX 371.60 (low GBX 370.27) on roughly 1.81 million shares traded, an 89% decline versus the average daily volume of 16.11 million.
• JPMorgan cut its target from GBX 1,280 to GBX 1,235 but kept an "overweight" rating; MarketBeat's consensus is a Moderate Buy with an average target of GBX 984.
• Future has a market cap of £341.6M with low valuation metrics (P/E 5.92, PEG 0.64) and the board has authorized a share repurchase program, while insiders own 5.68% and one recently bought shares.

Future plc (LON:FUTR - Get Free Report)'s stock price dropped 11.5% during trading on Friday . The company traded as low as GBX 370.27 and last traded at GBX 371.60. Approximately 1,813,802 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 16,112,883 shares. The stock had previously closed at GBX 420.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their target price on shares of Future from GBX 1,280 to GBX 1,235 and set an "overweight" rating for the company in a research note on Friday, December 5th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 984.

Future Stock Down 12.5%

The firm has a 50 day moving average of GBX 452.98 and a 200 day moving average of GBX 555.24. The firm has a market cap of £341.60 million, a price-to-earnings ratio of 5.92, a PEG ratio of 0.64 and a beta of 1.22. The company has a quick ratio of 0.60, a current ratio of 0.96 and a debt-to-equity ratio of 32.47.

Future declared that its board has initiated a share repurchase program on Thursday, December 4th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Insider Activity at Future

In related news, insider Ivana Kirkbride acquired 1,000 shares of the stock in a transaction dated Wednesday, February 4th. The stock was bought at an average price of GBX 518 per share, for a total transaction of £5,180. 5.68% of the stock is currently owned by company 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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