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

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

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upgraded shares of Future to a “hold” rating and set a GBX 733 ($9.74) price objective for the company in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Future has a consensus rating of “Hold” and an average target price of GBX 1,060 ($14.08).

Future Trading Down 10.3%

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 company has a quick ratio of 0.60, a current ratio of 0.69 and a debt-to-equity ratio of 31.50. The firm’s 50-day simple moving average is GBX 747.05 and its 200-day simple moving average is GBX 865.86.

About Future

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