Future (LON:FUTR) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Future plc (LON:FUTR)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 434.77 and traded as low as GBX 303.40. Future shares last traded at GBX 307.34, with a volume of 5,612,616 shares traded.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FUTR. Barclays reduced their target price on shares of Future from GBX 640 to GBX 285 and set a “neutral” rating on the stock in a report on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,013 price objective on shares of Future in a research report on Friday, May 15th. Berenberg Bank restated a “hold” rating and set a GBX 330 price objective on shares of Future in a research note on Monday, May 18th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 295 target price on shares of Future in a research report on Friday, May 15th. Finally, Canaccord Genuity Group lowered their target price on Future from GBX 733 to GBX 358 and set a “hold” rating for the company in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Future has a consensus rating of “Hold” and a consensus price target of GBX 586.

Future Stock Down 0.1%

The firm’s 50 day moving average price is GBX 317.69 and its two-hundred day moving average price is GBX 434.77. The firm has a market capitalization of £277.26 million, a PE ratio of 8.29, a P/E/G ratio of 0.64 and a beta of 1.29. The company has a quick ratio of 0.60, a current ratio of 0.95 and a debt-to-equity ratio of 38.86.

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. Future had a net margin of 5.14% and a return on equity of 3.57%. The firm had revenue of £349.10 million for the quarter. As a group, research analysts forecast that Future plc will post 116.6270784 EPS for the current fiscal year.

Future Company Profile

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