Last checked at 
(Sharecast News) - Analysts at Berenberg raised their target price on media firm Future from 4,890.0p to 5,225.0p on Wednesday following the publication of the group's solid full-year results.
Berenberg said Future had delivered "very strong" full-year 2021 results, with its positive growth and margin trajectory, as well as strong first-quarter trading in the new year, leading management to upgrade full-year 2022 adjusted underlying earnings guidance by more than 10%.
The German bank said Future's results capped off "an exceptional year" for the firm, during which it upgraded its 2021 and 2022 full-year earnings per share estimates for by 63% and 89%, respectively, while its shares doubled in size year-to-date.
"We believe that 2022 will be very strong also, and we anticipate further upgrades from: organic growth, integration synergies, margin expansion and additional M&A," said Berenberg, which kept Future as its 'top pick' in the sector.
"Future's valuation remains very attractive at 22x FY 2022 P/E, which - in our view - materially undervalues its EPS growth outlook."
20 Sep 2022 17:44
UK stocks at two-week lows as rate worries deepen
Sept 20 (Reuters) - UK's main stock indexes hit two-week lows on Tuesday, bogged down by fears about higher interest rates and their impact on economic growth, ahead of key policy decisions from the U.S. Federal Reserve and Bank of England this week.
Read more