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

Key Points

• Future's share price crossed below its 200-day moving average, with the 200‑day MA at GBX 491.96 and the stock last trading at GBX 332.40 after falling as low as GBX 320.40 on volume of 234,428 shares.
• Several brokerages have recently cut price targets and downgraded the stock; two analysts rate it Buy and four rate it Hold, giving an average rating of Hold and an average price target of GBX 614.50.
• On fundamentals, Future has a market cap of £307.14m, a P/E of 5.35 and a debt-to-equity ratio of 32.47, and an insider (Ivana Kirkbride) purchased 1,000 shares at GBX 518, with insiders owning 4.46%.

Future plc (LON:FUTR - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 491.96 and traded as low as GBX 320.40. Future shares last traded at GBX 332.40, with a volume of 234,428 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FUTR. Canaccord Genuity Group cut their price objective on shares of Future from GBX 733 to GBX 358 and set a "hold" rating on the stock in a research report on Friday, April 24th. Barclays cut their price objective on shares of Future from GBX 640 to GBX 285 and set a "neutral" rating on the stock in a research report on Wednesday, April 1st. Jefferies Financial Group downgraded shares of Future to a "hold" rating and cut 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 price objective for the stock from GBX 970 to GBX 330 in a research report on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Future from GBX 1,875 to GBX 1,013 and set a "buy" rating on the stock in a research report on Wednesday, April 1st. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of GBX 614.50.

Future Stock Performance

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 firm's 50 day simple moving average is GBX 370.59 and its 200 day simple moving average is GBX 491.96. The firm has a market capitalization of £307.14 million, a price-to-earnings ratio of 5.35, a PEG ratio of 0.64 and a beta of 1.34.

Insider Buying and Selling

In other Future news, insider Ivana Kirkbride acquired 1,000 shares of the firm's stock in a transaction on Wednesday, February 4th. The stock was acquired at an average cost of GBX 518 per share, for a total transaction of £5,180. Insiders own 4.46% of the company's stock.

About Future

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

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