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

Future plc (LON:FUTRGet Free Report)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 513.80 and traded as low as GBX 310.40. Future shares last traded at GBX 331.59, with a volume of 12,504,815 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Future from GBX 1,875 to GBX 1,013 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Jefferies Financial Group cut shares of Future to a “hold” rating and lowered their price objective for the stock from GBX 1,220 to GBX 466 in a research report on Friday, March 27th. Berenberg Bank downgraded shares of Future to a “hold” rating and cut their target price for the company from GBX 970 to GBX 330 in a research note on Wednesday, April 1st. Finally, Barclays reduced their target price on Future from GBX 640 to GBX 285 and set a “neutral” rating for the company in a report on Wednesday, April 1st. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Future has a consensus rating of “Hold” and a consensus target price of GBX 665.80.

Get Our Latest Analysis on Future

Future Trading Up 2.7%

The company’s 50 day simple moving average is GBX 388.96 and its two-hundred day simple moving average is GBX 513.80. The company has a debt-to-equity ratio of 32.47, a quick ratio of 0.60 and a current ratio of 0.96. The stock has a market cap of £306.40 million, a price-to-earnings ratio of 5.34, a price-to-earnings-growth ratio of 0.64 and a beta of 1.34.

Insiders Place Their Bets

In other news, insider Ivana Kirkbride bought 1,000 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were bought at an average cost of GBX 518 per share, for a total transaction of £5,180. Company insiders own 4.46% of the company’s stock.

Future Company Profile

(Get Free Report)

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

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