Future (LON:FUTR) Price Target Increased to GBX 1,920 by Analysts at Barclays

Future (LON:FUTR – Get Rating) had its target price increased by Barclays from GBX 1,850 ($22.85) to GBX 1,920 ($23.71) in a research note published on Tuesday, MarketBeat.com reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts have also issued reports on the company. Berenberg Bank decreased their price objective on Future from GBX 3,250 ($40.14) to GBX 2,600 ($32.11) and set a buy rating for the company in a report on Thursday, December 1st. Deutsche Bank Aktiengesellschaft decreased their price target on Future from GBX 2,852 ($35.22) to GBX 2,621 ($32.37) and set a buy rating for the company in a research note on Wednesday, December 7th. Shore Capital reissued a buy rating on shares of Future in a research note on Wednesday, November 23rd. Finally, JPMorgan Chase & Co. reissued an overweight rating and set a GBX 2,500 ($30.88) price objective on shares of Future in a research note on Wednesday, November 16th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of Buy and a consensus price target of GBX 2,410.25 ($29.77).

Future Trading Up 2.0 %

Shares of LON FUTR opened at GBX 1,749 ($21.60) on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 49.09. The stock’s 50 day moving average price is GBX 1,410.62 and its two-hundred day moving average price is GBX 1,491.81. The stock has a market capitalization of £2.11 billion and a P/E ratio of 1,731.68. Future has a 52-week low of GBX 1,114.25 ($13.76) and a 52-week high of GBX 3,178 ($39.25).

Future Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, February 14th. Stockholders of record on Thursday, January 19th will be issued a GBX 3.40 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, January 19th. This represents a dividend yield of 0.23%. This is a positive change from Future’s previous dividend of $2.80. Future’s dividend payout ratio is presently 2.77%.

Insider Activity

In other news, insider Zillah Byng-Thorne sold 8,352 shares of the stock in a transaction on Thursday, December 15th. The stock was sold at an average price of GBX 1,264 ($15.61), for a total value of £105,569.28 ($130,380.73).

Future Company Profile

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Future plc, together with its subsidiaries, publishes and distributes content for games, entertainment, technology, sports, savings and wealth, lifestyle, knowledge and news, and B2B sectors primarily in the United States and the United Kingdom. It operates through Media and Magazine segments. The company offers content through various forms, such as websites, email newsletters, videos, social platforms, magazines, and events, as well as advertising comprising digital advertising, AVOD, newsletters, events, and lead generation; eCommerce, including print and digital subscriptions, and newstrade; and direct consumer monetisation frameworks.