Future (LON:FUTR) Stock Price Down 5.8% – Here’s What Happened

Future plc (LON:FUTR) shares traded down 5.8% during trading on Friday. The stock traded as low as GBX 288.94 and last traded at GBX 293.07. 747,147 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 6,491,996 shares. The stock had previously closed at GBX 311.

Analyst Ratings Changes

Several brokerages have weighed in on FUTR. JPMorgan Chase & Co. reduced their price objective on Future from GBX 750 to GBX 740 and set an “overweight” rating on the stock in a research note on Friday, July 17th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 295 target price on shares of Future in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 503.50.

Future Stock Performance

The stock has a market capitalization of £258.85 million, a PE ratio of 7.92, a PEG ratio of 0.64 and a beta of 1.31. The business’s 50 day moving average is GBX 308.42 and its 200 day moving average is GBX 316.89. The company has a current ratio of 0.95, a quick ratio of 0.60 and a debt-to-equity ratio of 38.86.

Future Company Profile

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