Shares of Future plc (LON:FUTR – Get Rating) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,233.67 ($26.99) and traded as low as GBX 1,669.52 ($20.17). Future shares last traded at GBX 1,693 ($20.46), with a volume of 268,094 shares.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on FUTR. Deutsche Bank Aktiengesellschaft dropped their price target on Future from GBX 4,512 ($54.52) to GBX 3,253 ($39.31) and set a “buy” rating for the company in a research note on Thursday, May 19th. Barclays lowered their target price on Future from GBX 3,300 ($39.87) to GBX 2,750 ($33.23) and set an “overweight” rating for the company in a research note on Thursday, May 19th. Berenberg Bank lowered their target price on Future from GBX 3,600 ($43.50) to GBX 3,250 ($39.27) and set a “buy” rating for the company in a research note on Monday, June 27th. Finally, Shore Capital reissued a “buy” rating on shares of Future in a research note on Wednesday, June 29th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Future currently has a consensus rating of “Buy” and an average target price of GBX 3,413.25 ($41.24).
Future Price Performance
The business has a 50-day simple moving average of GBX 1,781.83 and a 200 day simple moving average of GBX 2,233.67. The firm has a market cap of £2.02 billion and a P/E ratio of 2,453.62. The company has a debt-to-equity ratio of 51.31, a quick ratio of 0.53 and a current ratio of 0.53.
Insider Buying and Selling at Future
In other Future news, insider Zillah Byng-Thorne purchased 5,182 shares of the stock in a transaction on Wednesday, May 18th. The stock was acquired at an average price of GBX 1,913 ($23.12) per share, with a total value of £99,131.66 ($119,782.09).
Future Company Profile
Future plc, together with its subsidiaries, publishes content for technology, games, TV and entertainment, women’s lifestyle, real life, music, creative and photography, sports, home interest, and B2B sectors primarily in the United States and the United Kingdom. It operates through Media and Magazine segments.
See Also
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Read More: Future (LON:FUTR) Stock Crosses Below 200 Day Moving Average of $2,233.67