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

Future plc (LON:FUTR)’s stock price fell 10.3% during mid-day trading on Friday . The stock traded as low as GBX 668 ($8.87) and last traded at GBX 668 ($8.87). 2,912,707 shares traded hands during trading, an increase of 300% from the average session volume of 728,349 shares. The stock had previously closed at GBX 745 ($9.90).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised Future to a “hold” rating and set a GBX 733 ($9.74) price objective 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, Future has a consensus rating of “Hold” and an average price target of GBX 1,060 ($14.08).

Future Stock Performance

The company has a market cap of £723.31 million, a PE ratio of 8.56, a P/E/G ratio of 0.64 and a beta of 1.01. The company has a current ratio of 0.69, a quick ratio of 0.60 and a debt-to-equity ratio of 31.50. The business has a fifty day moving average of GBX 747.05 and a 200-day moving average of GBX 865.86.

About Future

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