Future (LON:FUTR) Shares Cross Below 200-Day Moving Average of $939.64

Future plc (LON:FUTR)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $939.64 and traded as low as $1,238.00. Future shares last traded at $1,260.00, with a volume of 155,740 shares traded.

A number of equities analysts have weighed in on the company. Peel Hunt reissued a “buy” rating and issued a GBX 1,100 ($14.37) target price on shares of Future in a research report on Monday, July 1st. Berenberg Bank assumed coverage on shares of Future in a research report on Thursday. They set a “buy” rating and a GBX 1,530 ($19.99) price target for the company. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 1,450 ($18.95) price target (up previously from GBX 1,270 ($16.59)) on shares of Future in a research report on Wednesday, September 4th.

The stock has a market cap of $1.05 billion and a PE ratio of 144.32. The company has a debt-to-equity ratio of 23.85, a quick ratio of 0.72 and a current ratio of 0.72. The company’s 50-day moving average price is GBX 1,086.27 and its 200 day moving average price is GBX 943.16.

In other Future news, insider Zillah Byng-Maddick purchased 9,864 shares of Future stock in a transaction dated Friday, August 16th. The stock was purchased at an average price of GBX 11 ($0.14) per share, with a total value of £1,085.04 ($1,417.80).

Future Company Profile (LON:FUTR)

Future plc, together with its subsidiaries, publishes content for technology, games and entertainment, music, photography and design, hobbies, home interest, and B2B sectors in Europe, North America, the Asia Pacific, and Australia. It operates through two segments, Media and Magazine. The company publishes magazines; operates online sites; and organizes events.

Further Reading: What is the return on assets (ROA) ratio?

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