Future (FUTR)

Sector:

Media

Index:

FTSE 250

741.50p
   
  • Change Today:
      9.50p
  • 52 Week High: 1,121.00p
  • 52 Week Low: 640.00p
  • Currency: UK Pounds
  • Shares Issued: 104.18m
  • Volume: 905,233
  • Market Cap: £772.53m
  • RiskGrade: 189
  • Beta: 0.01

Broker tips: Future, Whitbread

By Alexander Bueso

Date: Wednesday 26 Jun 2024

LONDON (ShareCast) - (Sharecast News) - Future surged on Wednesday as Jefferies upgraded the shares to 'buy' from 'underperform' and hiked the price target to 1,280p from 635p.
The bank said "signs of inflection and Growth Acceleration Strategy (GAS) progress provide us with confidence to double upgrade".

Jefferies said it was confident of a strong return to growth in revenue, supported by macro inflection, positive audience trends, content quality improvements, and further upside from higher yielding US direct ad sales.

The bank said peaking macro pressure skews risk to the upside. It said macro improvement should result in a strong return to revenue growth, especially for digital ads & affiliate product.

"We expect Future to outperform peers, due to its highly cyclical Tech & Gaming portfolio (66% of audience), monetised largely via digital Ads (30% of revenue) and affiliate product (10%)," it said.

It also noted that importantly, the top 12 websites (around 70% of traffic) show positive momentum.

"Our analysis, suggests that the core online audience will continue to recover and support a continued recovery in the overall audience which will enable a return to growth in digital ad and affiliate product revenue with the macro," it said.



Analysts at Berenberg kept their recommendation for Whitbread at 'buy', arguing that markets were wrong to price in a continued drop in demand.

The supply/demand balance in the UK continued to be favourable and the company's Accelerating Growth Plan was capable of driving "strong" growth in profit before tax into the medium-term.

So too, the German operations were headed towards breakeven and the Euro 2024 championships would help to raise the brand awareness of Premier Inn.

The shares' valuation was also supportive.

Berenberg judged the 13.9 price-to-earnings multiple that the shares were trading on to be "too cheap" given the quality of its outlook.

The broker kept its target price at 4,000.0p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Future Market Data

Currency UK Pounds
Share Price 741.50p
Change Today 9.50p
% Change 1.30 %
52 Week High 1,121.00p
52 Week Low 640.00p
Volume 905,233
Shares Issued 104.18m
Market Cap £772.53m
Beta 0.01
RiskGrade 189

Future Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.33% above the market average67.33% above the market average67.33% above the market average67.33% above the market average67.33% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average
Price Trend
56.15% below the market average56.15% below the market average56.15% below the market average56.15% below the market average56.15% below the market average
23.81% below the sector average23.81% below the sector average23.81% below the sector average23.81% below the sector average23.81% below the sector average
Income
96.41% below the market average96.41% below the market average96.41% below the market average96.41% below the market average96.41% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
78% below the market average78% below the market average78% below the market average78% below the market average78% below the market average
94.59% below the sector average94.59% below the sector average94.59% below the sector average94.59% below the sector average94.59% below the sector average

What The Brokers Say

Strong Buy 6
Buy 4
Neutral 1
Sell 0
Strong Sell 0
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Future Dividends

  Latest Previous
  Final Final
Ex-Div 16-Jan-25 18-Jan-24
Paid 11-Feb-25 13-Feb-24
Amount 3.40p 3.40p

Trades for 18-Jul-2025

Time Volume / Share Price
16:36 12,062 @ 745.00p
16:35 2,848 @ 741.50p
16:35 96,249 @ 741.50p
16:35 1 @ 741.50p
16:35 1,116 @ 741.50p

Future Key Personnel

CEO Kevin Li Ying
Chair Richard N L Huntingford
CFO Sharjeel Suleman

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