Future (LON:FUTR) Trading 9.9% Higher - Here's Why

Future plc (LON:FUTR - Get Free Report)'s stock price traded up 9.9% during mid-day trading on Monday . The company traded as high as GBX 736.50 ($9.79) and last traded at GBX 727.50 ($9.67). 5,957,146 shares changed hands during mid-day trading, an increase of 662% from the average session volume of 782,237 shares. The stock had previously closed at GBX 662 ($8.80).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upgraded shares of Future to a "hold" rating and set a GBX 733 ($9.75) price objective on the stock in a research note on Tuesday, April 1st. One investment 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's stock. According to data from MarketBeat, Future presently has an average rating of "Hold" and a consensus price target of GBX 1,060 ($14.09).

Future Trading Down 0.6 %

The stock has a market cap of £778.53 million, a P/E ratio of 9.21, a price-to-earnings-growth ratio of 0.64 and a beta of 1.01. The firm's 50 day simple moving average is GBX 830.65 and its two-hundred day simple moving average is GBX 896.90. The company has a quick ratio of 0.60, a current ratio of 0.69 and a debt-to-equity ratio of 31.50.

Future Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, February 11th. Shareholders of record on Thursday, January 16th were issued a GBX 3.40 ($0.05) dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a yield of 0.35%. Future's dividend payout ratio is currently 3.84%.

About Future

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