Future (LON:FUTR) Shares Up 9.9% – Here’s What Happened

Future plc (LON:FUTR)’s share price traded up 9.9% during mid-day trading on Monday . The stock traded as high as GBX 736.50 ($9.75) and last traded at GBX 727.50 ($9.63). 5,957,146 shares were traded during trading, an increase of 662% from the average session volume of 782,237 shares. The stock had previously closed at GBX 662 ($8.76).

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised shares of Future to a “hold” rating and set a GBX 733 ($9.70) target price for the company in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Future currently has an average rating of “Hold” and a consensus target price of GBX 1,060 ($14.03).

Future Stock Down 1.2 %

The firm has a 50-day simple moving average of GBX 843.55 and a two-hundred day simple moving average of GBX 902.06. The stock has a market cap of £782.86 million, a P/E ratio of 9.26, a PEG ratio of 0.64 and a beta of 1.01. The company has a current ratio of 0.69, a quick ratio of 0.60 and a debt-to-equity ratio of 31.50.

Future Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, February 11th. Stockholders of record on Thursday, January 16th were issued a dividend of GBX 3.40 ($0.04) per share. The ex-dividend date was Thursday, January 16th. This represents a dividend yield of 0.35%. Future’s dividend payout ratio is presently 3.84%.

Future Company Profile

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