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Future (LON:FUTR) Shares Pass Below Two Hundred Day Moving Average - Time to Sell?

Future logo with Communication Services background

Key Points

  • Future plc's share price fell below its 200-day moving average, trading at GBX 693 ($9.34) compared to the average of GBX 734.06 ($9.89).
  • JPMorgan Chase & Co. has maintained an "overweight" rating for Future, with a consensus price target of GBX 1,014.50, indicating potential upside.
  • The company has initiated a stock buyback plan, suggesting that the board believes its stock is currently undervalued.
  • Five stocks we like better than Future.

Future plc (LON:FUTR - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 734.06 ($9.92) and traded as low as GBX 693 ($9.37). Future shares last traded at GBX 693 ($9.37), with a volume of 1,090,010 shares.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reissued an "overweight" rating on shares of Future in a research note on Friday, July 18th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Future currently has an average rating of "Moderate Buy" and a consensus price target of GBX 1,014.50.

View Our Latest Stock Analysis on Future

Future Stock Performance

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 firm has a 50 day moving average of GBX 734.89 and a 200-day moving average of GBX 731.50. The stock has a market capitalization of £704.07 million, a PE ratio of 920.91, a P/E/G ratio of 0.64 and a beta of 1.01.

Future declared that its Board of Directors has authorized a stock repurchase program on Friday, August 1st that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

About Future

(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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