Future (LON:FUTR) Trading Up 9.9% – Here’s What Happened

Future plc (LON:FUTR) shares shot up 9.9% during trading on Monday . The company traded as high as GBX 736.50 ($9.71) and last traded at GBX 727.50 ($9.59). 5,957,146 shares changed hands during trading, an increase of 662% from the average session volume of 782,237 shares. The stock had previously closed at GBX 662 ($8.73).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upgraded Future to a “hold” rating and set a GBX 733 ($9.67) price objective on the stock in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 1,060 ($13.98).

Future Price Performance

The firm has a market capitalization of £787.73 million, a PE ratio of 9.32, a P/E/G ratio of 0.64 and a beta of 1.01. The company has a debt-to-equity ratio of 31.50, a current ratio of 0.69 and a quick ratio of 0.60. The business’s 50 day moving average is GBX 847.64 and its two-hundred day moving average is GBX 904.10.

Future Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, February 11th. Stockholders of record on Thursday, January 16th were issued a dividend of GBX 3.40 ($0.04) per share. This represents a dividend yield of 0.35%. The ex-dividend date was Thursday, January 16th. Future’s dividend payout ratio is currently 3.84%.

Future Company Profile

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