Future (LON:FUTR) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Shares of Future plc (LON:FUTR) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 997.77 ($12.84) and traded as low as GBX 891 ($11.47). Future shares last traded at GBX 893 ($11.49), with a volume of 133,821 shares trading hands.

Analysts Set New Price Targets

Several brokerages have commented on FUTR. Canaccord Genuity Group cut shares of Future to a “sell” rating and boosted their price target for the stock from GBX 660 ($8.49) to GBX 733 ($9.43) in a research report on Friday, August 9th. Shore Capital reiterated a “buy” rating on shares of Future in a report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat.com, Future has a consensus rating of “Hold” and a consensus price target of GBX 1,059.25 ($13.63).

Future Trading Up 0.4 %

The firm has a market capitalization of £988.49 million, a P/E ratio of 1,175.00, a P/E/G ratio of 0.64 and a beta of 1.01. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 32.94. The company’s fifty day moving average is GBX 970.22 and its 200-day moving average is GBX 999.77.

Future Company Profile

Future plc, together with its subsidiaries, publishes and distributes content for games, entertainment, technology, sports, savings and wealth, lifestyle, knowledge and news, and B2B sectors primarily in the United States and the United Kingdom. It operates through Media and Magazine segments. The company offers content through various forms, such as websites, email newsletters, videos, social platforms, magazines, and events, as well as advertising comprising digital advertising, AVOD, newsletters, events, and lead generation; eCommerce, including print and digital subscriptions, and newstrade; and direct consumer monetisation frameworks.