Future (LON:FUTR) Shares Up 12.4% – Here’s Why

Shares of Future plc (LON:FUTRGet Free Report) shot up 12.4% on Thursday . The company traded as high as GBX 325.20 and last traded at GBX 325.20. 1,162,527 shares changed hands during trading, a decline of 90% from the average session volume of 11,538,310 shares. The stock had previously closed at GBX 289.20.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FUTR. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 1,013 price objective on shares of Future in a report on Friday. Barclays dropped their price objective on Future from GBX 640 to GBX 285 and set a “neutral” rating on the stock in a report on Wednesday, April 1st. Canaccord Genuity Group dropped their price objective on Future from GBX 733 to GBX 358 and set a “hold” rating on the stock in a report on Friday, April 24th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 295 price objective on shares of Future in a report on Friday. Finally, Berenberg Bank lowered Future to a “hold” rating and dropped their price objective for the stock from GBX 970 to GBX 330 in a report on Wednesday, April 1st. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Future has an average rating of “Hold” and a consensus price target of GBX 586.

Read Our Latest Stock Report on Future

Future Stock Performance

The stock has a 50-day simple moving average of GBX 353.59 and a 200 day simple moving average of GBX 471.41. The company has a debt-to-equity ratio of 32.47, a current ratio of 0.96 and a quick ratio of 0.60. The company has a market capitalization of £295.54 million, a PE ratio of 5.19, a P/E/G ratio of 0.64 and a beta of 1.33.

Future (LON:FUTRGet Free Report) last posted its earnings results on Thursday, May 14th. The company reported GBX 13.10 EPS for the quarter. The company had revenue of £349.10 million for the quarter. Future had a return on equity of 6.22% and a net margin of 8.97%. Equities analysts anticipate that Future plc will post 116.6270784 EPS for the current fiscal year.

Future Company Profile

(Get Free Report)

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

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