Future (LON:FUTR) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Future plc (LON:FUTR)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 479.51 and traded as low as GBX 315.80. Future shares last traded at GBX 321, with a volume of 549,453 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FUTR shares. Deutsche Bank Aktiengesellschaft reduced their target price on Future from GBX 1,875 to GBX 1,013 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Berenberg Bank lowered Future to a “hold” rating and dropped their price target for the company from GBX 970 to GBX 330 in a research report on Wednesday, April 1st. Jefferies Financial Group lowered Future to a “hold” rating and dropped their price target for the company from GBX 1,220 to GBX 466 in a research report on Friday, March 27th. Barclays dropped their price target on Future from GBX 640 to GBX 285 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Finally, Canaccord Genuity Group dropped their price target on Future from GBX 733 to GBX 358 and set a “hold” rating on the stock in a research report on Friday, April 24th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Future presently has a consensus rating of “Hold” and a consensus target price of GBX 614.50.

Future Price Performance

The company has a market capitalization of £294.08 million, a price-to-earnings ratio of 5.17, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33. The company has a debt-to-equity ratio of 32.47, a current ratio of 0.96 and a quick ratio of 0.60. The business has a fifty day moving average price of GBX 361.42 and a 200 day moving average price of GBX 479.51.

Future Company Profile

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