Future (LON:FUTR) Trading Down 10.3% – Here’s What Happened

Future plc (LON:FUTR)’s stock price dropped 10.3% during trading on Saturday . The company traded as low as GBX 668 ($8.88) and last traded at GBX 668 ($8.88). Approximately 2,912,707 shares traded hands during mid-day trading, an increase of 300% from the average daily volume of 728,349 shares. The stock had previously closed at GBX 745 ($9.91).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised shares of Future to a “hold” rating and set a GBX 733 ($9.75) price objective for the company in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Future currently has an average rating of “Hold” and a consensus price target of GBX 1,060 ($14.10).

Future Price Performance

The company has a market cap of £723.31 million, a P/E ratio of 8.56, a P/E/G ratio of 0.64 and a beta of 1.01. The company has a debt-to-equity ratio of 31.50, a quick ratio of 0.60 and a current ratio of 0.69. The stock has a 50-day simple moving average of GBX 747.05 and a 200 day simple moving average of GBX 865.77.

Future Company Profile

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