FTSE 250 movers: Bright Future as DB starts coverage at 'buy'

FTSE 250 (MCX) 20,567.18 -0.38%

Future shares topped the FTSE 250 on Monday with a 7.23% rise Deutsche Bank initiated coverage on the UK media company at 'buy' with a 2,120p target price.

DB said Future's valuation stood out 'particularly when considered against the potential value of GoCo" - the firm that holds the GoCompare price comparison website bought in 2021 for $793m.

DB added that pressures faced by Future were cyclical, not structural.

Harbour Energy gained as crude oil prices rose above $83 a barrel. Industry services company Wood Group was also higher on the news.

On the downside Trustpilot led the fallers.

Market Movers

FTSE 250 - Risers

Future (FUTR) 890.00p 7.23%
Wood Group (John) (WG.) 206.00p 5.21%
Octopus Renewables Infrastructure Trust (ORIT) 76.10p 2.15%
IWG (IWG) 198.90p 2.05%
Harbour Energy (HBR) 306.10p 2.03%
Jupiter Fund Management (JUP) 86.60p 2.00%
Aston Martin Lagonda Global Holdings (AML) 139.90p 1.67%
W.A.G Payment Solutions (WPS) 73.00p 1.67%
Trainline (TRN) 336.80p 1.51%
SDCL Energy Efficiency Income Trust (SEIT) 67.50p 1.50%

FTSE 250 - Fallers

Trustpilot Group (TRST) 209.00p -3.69%
Ferrexpo (FXPO) 47.25p -3.37%
Babcock International Group (BAB) 505.50p -3.07%
Quilter (QLT) 110.30p -2.99%
Just Group (JUST) 102.00p -2.49%
Oxford Instruments (OXIG) 2,365.00p -2.47%
Diversified Energy Company (DEC) 1,087.00p -2.42%
Lancashire Holdings Limited (LRE) 623.00p -2.35%
Man Group (EMG) 251.60p -2.33%
Renishaw (RSW) 3,990.00p -2.33%