Future (LON:FUTR) Stock Price Up 9.9% – Time to Buy?

Future plc (LON:FUTR)’s stock price was up 9.9% during mid-day trading on Monday . The company traded as high as GBX 736.50 ($9.75) and last traded at GBX 727.50 ($9.63). Approximately 5,957,146 shares traded hands during trading, an increase of 662% from the average daily 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 research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 1,060 ($14.03).

Future Price Performance

The company has a debt-to-equity ratio of 31.50, a current ratio of 0.69 and a quick ratio of 0.60. The firm has a market capitalization of £782.86 million, a P/E ratio of 9.26, a P/E/G ratio of 0.64 and a beta of 1.01. The stock’s fifty day simple moving average is GBX 843.55 and its 200 day simple moving average is GBX 902.06.

Future Announces Dividend

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

Future Company Profile

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