Future (LON:FUTR) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Shares of Future plc (LON:FUTR) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 609.68 and traded as low as GBX 416. Future shares last traded at GBX 425.40, with a volume of 39,922,016 shares.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their target price on shares of Future from GBX 1,280 to GBX 1,235 and set an “overweight” rating for the company in a report on Friday, December 5th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 984.

Future Trading Up 2.2%

The company has a market capitalization of £397.07 million, a PE ratio of 6.85, a P/E/G ratio of 0.64 and a beta of 1.01. 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 business has a fifty day moving average price of GBX 503.49 and a 200 day moving average price of GBX 609.68.

Future (LON:FUTR) last posted its earnings results on Thursday, December 4th. The company reported GBX 124.20 earnings per share for the quarter. Future had a net margin of 11.69% and a return on equity of 8.41%. Analysts expect that Future plc will post 116.6270784 EPS for the current fiscal year.

Future declared that its board has authorized a share buyback program on Thursday, December 4th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, insider Mark Brooker bought 7,201 shares of Future stock in a transaction dated Friday, December 12th. The shares were acquired at an average cost of GBX 553 per share, with a total value of £39,821.53. Also, insider Ivana Kirkbride purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were purchased at an average cost of GBX 518 per share, with a total value of £5,180. Insiders have bought 17,230 shares of company stock worth $9,475,132 over the last 90 days. Company insiders own 5.65% of the company’s stock.

About Future

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