Future (LON:FUTR) Stock Passes Above 200-Day Moving Average – Time to Sell?

Shares of Future plc (LON:FUTR) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 956.71 ($12.52) and traded as high as GBX 988 ($12.93). Future shares last traded at GBX 982 ($12.85), with a volume of 262,741 shares traded.

Analyst Ratings Changes

FUTR has been the subject of a number of research analyst reports. Shore Capital restated a “buy” rating on shares of Future in a research note on Thursday, September 19th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 1,464 ($19.16) price objective on shares of Future in a research report on Friday, July 12th. Finally, Canaccord Genuity Group downgraded shares of Future to a “sell” rating and upped their target price for the stock from GBX 660 ($8.64) to GBX 733 ($9.59) in a research report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Future currently has a consensus rating of “Hold” and a consensus target price of GBX 1,059.25 ($13.86).

Future Price Performance

The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 32.94. The company has a market cap of £1.08 billion, a PE ratio of 1,292.11, a P/E/G ratio of 0.64 and a beta of 1.01. The firm has a 50 day moving average of GBX 1,043.31 and a two-hundred day moving average of GBX 959.11.

About Future

Future plc, together with its subsidiaries, publishes and distributes content for games, entertainment, technology, sports, savings and wealth, lifestyle, knowledge and news, and B2B sectors primarily in the United States and the United Kingdom. It operates through Media and Magazine segments. The company offers content through various forms, such as websites, email newsletters, videos, social platforms, magazines, and events, as well as advertising comprising digital advertising, AVOD, newsletters, events, and lead generation; eCommerce, including print and digital subscriptions, and newstrade; and direct consumer monetisation frameworks.