Future (LON:FUTR) Stock Crosses Below Two Hundred Day Moving Average of $961.34

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Future plc (LON:FUTR) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $961.34 and traded as low as $1,252.14. Future shares last traded at $1,276.00, with a volume of 309,601 shares traded.

FUTR has been the topic of a number of research reports. Peel Hunt restated a “buy” rating and issued a GBX 1,100 ($14.37) price target on shares of Future in a report on Monday, July 1st. Peel Hunt restated a “buy” rating and issued a GBX 1,450 ($18.95) price target (up previously from GBX 1,270 ($16.59)) on shares of Future in a report on Wednesday, September 4th. Finally, Berenberg Bank initiated coverage on Future in a report on Thursday, September 12th. They issued a “buy” rating and a GBX 1,530 ($19.99) price target on the stock.

The firm has a 50 day moving average price of GBX 1,115.07 and a two-hundred day moving average price of GBX 961.34. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 23.85. The company has a market capitalization of $1.05 billion and a price-to-earnings ratio of 145.00.

In other Future news, insider Zillah Byng-Maddick bought 9,864 shares of the stock in a transaction dated Friday, August 16th. The stock was bought at an average cost of GBX 11 ($0.14) per share, for a total transaction of £1,085.04 ($1,417.80).

About Future (LON:FUTR)

Future plc, together with its subsidiaries, publishes content for technology, games and entertainment, music, photography and design, hobbies, home interest, and B2B sectors in Europe, North America, the Asia Pacific, and Australia. It operates through two segments, Media and Magazine. The company publishes magazines; operates online sites; and organizes events.

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