Future (LON:FUTR) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Future plc (LON:FUTR)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 357.67 and traded as low as GBX 321.20. Future shares last traded at GBX 321.20, with a volume of 408,362 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently commented on FUTR shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 295 price target on shares of Future in a report on Friday, May 15th. Canaccord Genuity Group dropped their price objective on Future from GBX 733 to GBX 358 and set a “hold” rating on the stock in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,013 price objective on shares of Future in a report on Friday, May 15th. JPMorgan Chase & Co. reduced their target price on Future from GBX 750 to GBX 740 and set an “overweight” rating for the company in a report on Friday, July 17th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 330 price target on shares of Future in a research report on Monday, May 18th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 503.50.

Future Stock Down 2.7%

The company has a debt-to-equity ratio of 38.86, a quick ratio of 0.60 and a current ratio of 0.95. The firm has a market capitalization of £289.42 million, a PE ratio of 8.65, a PEG ratio of 0.64 and a beta of 1.31. The company’s 50 day simple moving average is GBX 304.43 and its 200-day simple moving average is GBX 356.44.

Future (LON:FUTR) last released its quarterly earnings results on Thursday, May 14th. The company reported GBX 13.10 EPS for the quarter. The firm had revenue of £349.10 million during the quarter. Future had a net margin of 5.14% and a return on equity of 3.57%. On average, analysts forecast that Future plc will post 116.6270784 EPS for the current fiscal year.

About Future

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