Future (LON:FUTR) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Future plc (LON:FUTR) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 374.06 and traded as low as GBX 286. Future shares last traded at GBX 289.53, with a volume of 523,676 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms recently commented on FUTR. Barclays lowered their target price on Future from GBX 640 to GBX 285 and set a “neutral” rating for the company in a research note on Wednesday, April 1st. JPMorgan Chase & Co. reduced their price target on Future from GBX 750 to GBX 740 and set an “overweight” rating on the stock in a research report on Friday, July 17th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 295 price objective on shares of Future in a research note on Friday, May 15th. Canaccord Genuity Group lowered their price objective on Future from GBX 733 to GBX 358 and set a “hold” rating for the company in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,013 target price on shares of Future in a research note on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of GBX 503.50.

Future Stock Performance

The firm has a 50 day moving average of GBX 305.33 and a two-hundred day moving average of GBX 374.06. The company has a debt-to-equity ratio of 38.86, a current ratio of 0.95 and a quick ratio of 0.60. The stock has a market cap of £260.42 million, a PE ratio of 7.83, a PEG ratio of 0.64 and a beta of 1.32.

Future (LON:FUTR) last announced its quarterly earnings results on Thursday, May 14th. The company reported GBX 13.10 EPS for the quarter. Future had a net margin of 5.14% and a return on equity of 3.57%. The company had revenue of £349.10 million for the quarter. Research analysts predict 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