Future (LON:FUTR) Stock Price Down 10.3% – Here’s What Happened

Future plc (LON:FUTR) shares were down 10.3% on Friday . The stock traded as low as GBX 668 ($8.87) and last traded at GBX 668 ($8.87). Approximately 2,912,707 shares traded hands during mid-day trading, an increase of 300% from the average daily volume of 728,349 shares. The stock had previously closed at GBX 745 ($9.90).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upgraded Future to a “hold” rating and set a GBX 733 ($9.74) price target on the stock in a 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 assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 1,060 ($14.08).

Future Stock Down 10.3%

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 £723.31 million, a P/E ratio of 8.56, a price-to-earnings-growth ratio of 0.64 and a beta of 1.01. The business has a 50 day moving average price of GBX 747.05 and a 200 day moving average price of GBX 865.86.

Future Company Profile

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