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

Future plc (LON:FUTR) shares were down 10.3% during mid-day trading on Saturday . The stock traded as low as GBX 668 ($8.88) and last traded at GBX 668 ($8.88). Approximately 2,912,707 shares were traded 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 ($9.91).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upgraded Future to a “hold” rating and set a GBX 733 ($9.75) target price for the company in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 1,060 ($14.10).

Future Stock Performance

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 company has a market cap of £723.31 million, a price-to-earnings ratio of 8.56, a PEG ratio of 0.64 and a beta of 1.01. The firm’s 50-day moving average price is GBX 747.05 and its 200 day moving average price is GBX 865.77.

Future Company Profile

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