Future (LON:FUTR) Reaches New 12-Month Low – Time to Sell?

Future plc (LON:FUTR)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as GBX 589.50 and last traded at GBX 597.50, with a volume of 1435 shares traded. The stock had previously closed at GBX 593.50.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Future in a research note on Friday, July 18th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,014.50.

Future Trading Down 1.0%

The stock has a market capitalization of £597.08 million, a PE ratio of 8.09, a PEG ratio of 0.64 and a beta of 1.01. The company has a current ratio of 0.69, a quick ratio of 0.60 and a debt-to-equity ratio of 31.50. The business’s 50-day moving average is GBX 662 and its two-hundred day moving average is GBX 699.82.

Future declared that its board has authorized a share buyback program on Friday, August 1st that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

About Future

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