Future (LON:FUTR) Shares Down 10.3% – Here’s Why

Future plc (LON:FUTR) shares were down 10.3% on Saturday . The stock traded as low as GBX 668 ($8.87) and last traded at GBX 668 ($8.87). Approximately 2,912,707 shares traded hands during mid-day trading, an increase of 300% from the average daily volume of 728,349 shares. The stock had previously closed at GBX 745 ($9.90).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised shares of Future to a “hold” rating and set a GBX 733 ($9.74) price target for the company in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Future has a consensus rating of “Hold” and an average price target of GBX 1,060 ($14.08).

Future Price Performance

The company’s fifty day moving average price is GBX 747.05 and its 200 day moving average price is GBX 865.86. 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 market capitalization of £723.31 million, a price-to-earnings ratio of 8.56, a price-to-earnings-growth ratio of 0.64 and a beta of 1.01.

About Future

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