Future (LON:FUTR) Share Price Passes Below 200 Day Moving Average – What’s Next?

Future plc (LON:FUTRGet Free Report)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 513.80 and traded as low as GBX 310.40. Future shares last traded at GBX 331.59, with a volume of 12,504,815 shares changing hands.

Analyst Ratings Changes

FUTR has been the subject of several research analyst reports. Berenberg Bank downgraded Future to a “hold” rating and reduced their target price for the stock from GBX 970 to GBX 330 in a research note on Wednesday, April 1st. Barclays cut their price target on shares of Future from GBX 640 to GBX 285 and set a “neutral” rating for the company in a report on Wednesday, April 1st. Jefferies Financial Group cut shares of Future to a “hold” rating and reduced their price objective for the stock from GBX 1,220 to GBX 466 in a research report on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Future from GBX 1,875 to GBX 1,013 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 665.80.

View Our Latest Analysis on FUTR

Future Stock Up 2.9%

The company has a quick ratio of 0.60, a current ratio of 0.96 and a debt-to-equity ratio of 32.47. The firm has a market capitalization of £313.53 million, a PE ratio of 5.46, a price-to-earnings-growth ratio of 0.64 and a beta of 1.34. The business has a 50-day moving average price of GBX 386.08 and a 200-day moving average price of GBX 511.65.

Insider Transactions at Future

In related news, insider Ivana Kirkbride bought 1,000 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was acquired at an average cost of GBX 518 per share, with a total value of £5,180. 4.46% of the stock is currently owned by insiders.

Future Company Profile

(Get Free Report)

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

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