Future (LON:FUTR) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Future plc (LON:FUTR)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 312.69 and traded as low as GBX 286. Future shares last traded at GBX 309.20, with a volume of 304,451 shares.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Future from GBX 750 to GBX 740 and set an “overweight” rating on the stock in a report on Friday, July 17th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 295 price target on shares of Future in a research report on Thursday, October 1st. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 503.50.

Future Price Performance

The company has a current ratio of 0.95, a quick ratio of 0.60 and a debt-to-equity ratio of 38.86. The firm has a market cap of £270.84 million, a P/E ratio of 8.36, a PEG ratio of 0.64 and a beta of 1.31. The firm has a 50-day simple moving average of GBX 306.93 and a 200-day simple moving average of GBX 312.69.

Future Company Profile

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