Future (LON:FUTR) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Future plc (LON:FUTR) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 307.15 and traded as high as GBX 319.20. Future shares last traded at GBX 312, with a volume of 315,574 shares traded.

Analyst Ratings Changes

FUTR has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 1,013 price target on shares of Future in a research note on Friday, May 15th. Canaccord Genuity Group reduced their price objective on shares of Future from GBX 733 to GBX 358 and set a “hold” rating for the company in a research note on Friday, April 24th. JPMorgan Chase & Co. decreased their price objective on shares of Future from GBX 750 to GBX 740 and set an “overweight” rating on the stock in a report on Friday. Barclays lowered their target price on shares of Future from GBX 640 to GBX 285 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 295 target price on shares of Future in a report on Friday, May 15th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 503.50.

Future Trading Down 1.7%

The business has a fifty day simple moving average of GBX 307.05 and a 200 day simple moving average of GBX 382.47. The stock has a market cap of £277.03 million, a price-to-earnings ratio of 8.32, a PEG ratio of 0.64 and a beta of 1.32. The company has a debt-to-equity ratio of 38.86, a quick ratio of 0.60 and a current ratio of 0.95.

Future (LON:FUTR) last released its quarterly earnings results on Thursday, May 14th. The company reported GBX 13.10 earnings per share (EPS) for the quarter. The company had revenue of £349.10 million for the quarter. Future had a net margin of 5.14% and a return on equity of 3.57%. As a group, equities analysts anticipate that Future plc will post 116.6270784 EPS for the current year.

About Future

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