JPMorgan Chase & Co. Has Lowered Expectations for Future (LON:FUTR) Stock Price

Future (LON:FUTR) had its price target dropped by equities research analysts at JPMorgan Chase & Co. from GBX 750 to GBX 740 in a report released on Friday,London Stock Exchange reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 137.79% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Berenberg Bank reiterated a “hold” rating and set a GBX 330 price objective on shares of Future in a research note on Monday, May 18th. Barclays decreased their target price on shares of Future from GBX 640 to GBX 285 and set a “neutral” rating on the stock in a research note on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 1,013 price target on shares of Future in a report on Friday, May 15th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 295 price target on shares of Future in a research report on Friday, May 15th. Finally, Canaccord Genuity Group reduced their price objective on shares of Future from GBX 733 to GBX 358 and set a “hold” rating for the company in a research note on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 503.50.

Future Price Performance

LON FUTR opened at GBX 311.20 on Friday. The company has a market capitalization of £279.91 million, a PE ratio of 8.41, a price-to-earnings-growth ratio of 0.64 and a beta of 1.32. The company has a debt-to-equity ratio of 38.86, a quick ratio of 0.60 and a current ratio of 0.95. The business’s fifty day moving average is GBX 307.05 and its 200 day moving average is GBX 382.47. Future has a fifty-two week low of GBX 262.20 and a fifty-two week high of GBX 789.

Future (LON:FUTR) last released its quarterly earnings results on Thursday, May 14th. The company reported GBX 13.10 earnings per share (EPS) for the quarter. The business had revenue of £349.10 million during the quarter. Future had a return on equity of 3.57% and a net margin of 5.14%. Sell-side analysts predict that Future will post 116.6270784 earnings per share for the current year.

About Future

Future is a global platform for specialist media underpinned by proprietary technology, enabled by data; with diversified revenue streams