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Future (LON:FUTR) Share Price Crosses Below 200-Day Moving Average - Here's What Happened

Future logo with Communication Services background

Key Points

  • Future plc's share price has dropped below its 200-day moving average, reflecting a current trading price of GBX 771.42 ($10.40), slightly above the average of GBX 760.77 ($10.26).
  • JPMorgan Chase & Co. maintains an "overweight" rating on Future's stock, with the average analyst rating classified as "Moderate Buy" and a consensus target price of GBX 1,014.50.
  • The company has approved a share repurchase plan, indicating that the Board believes the stock is undervalued, though it is noted that no shares will be bought back at this time.
  • Want stock alerts on Future? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Future plc (LON:FUTR - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 760.77 ($10.26) and traded as low as GBX 760 ($10.25). Future shares last traded at GBX 771.42 ($10.40), with a volume of 466,123 shares.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Future in a report on Friday, July 18th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Future has an average rating of "Moderate Buy" and a consensus target price of GBX 1,014.50.

Check Out Our Latest Analysis on Future

Future Stock Down 0.1%

The company has a market cap of £824.55 million, a price-to-earnings ratio of 9.76, a PEG ratio of 0.64 and a beta of 1.01. The company has a current ratio of 0.69, a quick ratio of 0.60 and a debt-to-equity ratio of 31.50. The business has a fifty day moving average of GBX 731.87 and a two-hundred day moving average of GBX 760.77.

Future declared that its Board of Directors has approved a share repurchase plan on Friday, August 1st that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

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

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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