Future (LON:FUTR) Shares Cross Below 200-Day Moving Average – Here’s Why

Shares of Future plc (LON:FUTR) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 319.54 and traded as low as GBX 295. Future shares last traded at GBX 312.40, with a volume of 475,848 shares trading hands.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their price target on Future from GBX 750 to GBX 740 and set an “overweight” rating on the stock in a research report on Friday, July 17th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Future presently has a consensus rating of “Hold” and a consensus price target of GBX 503.50.

Future Stock Performance

The company has a debt-to-equity ratio of 38.86, a current ratio of 0.95 and a quick ratio of 0.60. The stock has a fifty day moving average price of GBX 307.87 and a two-hundred day moving average price of GBX 318.60. The company has a market cap of £280.34 million, a P/E ratio of 8.58, a PEG ratio of 0.64 and a beta of 1.31.

About Future

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