Future (LON:FUTR) Shares Cross Below 200 Day Moving Average - Time to Sell?

Key Points

• Shares fell below the 200‑day moving average, trading as low as GBX 415 and last at GBX 418.53 versus a 200‑day MA of GBX 555.24.
• Analyst view and valuation: JPMorgan cut its target from GBX 1,280 to GBX 1,235 but remains "overweight," while MarketBeat's consensus is a "Moderate Buy" with an average target of GBX 984; the stock trades at a PE of 6.74 and a market cap of £388.93 million.
• Corporate actions and insider activity: the board authorized a share repurchase plan (report notes an allowance of 0 shares) and insider Ivana Kirkbride bought 1,000 shares at GBX 518; insiders own 5.68% of the company.

Future plc (LON:FUTR - Get Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 555.24 and traded as low as GBX 415. Future shares last traded at GBX 418.53, with a volume of 491,332 shares.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their price target on Future from GBX 1,280 to GBX 1,235 and set an "overweight" rating for the company in a research report on Friday, December 5th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Future presently has a consensus rating of "Moderate Buy" and an average target price of GBX 984.

Future Stock Performance

The firm has a fifty day moving average price of GBX 452.98 and a 200 day moving average price of GBX 555.24. The company has a current ratio of 0.96, a quick ratio of 0.60 and a debt-to-equity ratio of 32.47. The firm has a market cap of £388.93 million, a PE ratio of 6.74, a price-to-earnings-growth ratio of 0.64 and a beta of 1.22.

Future announced that its board has authorized a stock repurchase plan on Thursday, December 4th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Insider Activity at Future

In other news, insider Ivana Kirkbride purchased 1,000 shares of Future stock in a transaction dated Wednesday, February 4th. The shares were purchased at an average price of GBX 518 per share, with a total value of £5,180. Insiders own 5.68% 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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