Future (LON:FUTR) Shares Cross 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 trading hands.

Wall Street Analyst Weigh In

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

Future Stock Performance

The company has a market capitalization of £1.09 billion, a P/E ratio of 1,292.11, a P/E/G ratio of 0.64 and a beta of 1.01. The company has a debt-to-equity ratio of 32.94, a quick ratio of 0.60 and a current ratio of 0.78. The business’s fifty day simple moving average is GBX 1,043.31 and its 200-day simple moving average is GBX 956.71.

Future Company Profile

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.