Future (LON:FUTR) Shares Down 5.8% – What’s Next?

Shares of Future plc (LON:FUTR) dropped 5.8% during mid-day trading on Friday. The stock traded as low as GBX 288.94 and last traded at GBX 293.07. Approximately 747,147 shares were traded during mid-day trading, a decline of 88% from the average session volume of 6,491,996 shares. The stock had previously closed at GBX 311.

Wall Street Analyst Weigh In

FUTR has been the topic of several research analyst reports. Jefferies Financial Group reissued a “hold” rating and set a GBX 295 price target on shares of Future in a report on Thursday. JPMorgan Chase & Co. lowered their target price on Future from GBX 750 to GBX 740 and set an “overweight” rating on the stock in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 503.50.

Future Stock Performance

The stock has a market cap of £258.85 million, a P/E ratio of 7.92, a PEG ratio of 0.64 and a beta of 1.31. The company has a debt-to-equity ratio of 38.86, a current ratio of 0.95 and a quick ratio of 0.60. The firm’s 50-day moving average price is GBX 308.42 and its 200-day moving average price is GBX 316.89.

Future Company Profile

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