Franchise Brands plc (LON:FRAN – Get Free Report)’s share price reached a new 52-week high on Monday . The company traded as high as GBX 160 and last traded at GBX 159.50, with a volume of 25987 shares changing hands. The stock had previously closed at GBX 156.50.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 185 price objective on shares of Franchise Brands in a report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Franchise Brands has an average rating of “Buy” and a consensus target price of GBX 197.50.
View Our Latest Analysis on Franchise Brands
Franchise Brands Stock Up 1.9%
Franchise Brands (LON:FRAN – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported GBX 4.81 EPS for the quarter. Franchise Brands had a return on equity of 4.87% and a net margin of 7.37%. Analysts expect that Franchise Brands plc will post 11.3266098 EPS for the current year.
Insider Buying and Selling
In other news, insider Neil Miller bought 8,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were purchased at an average price of GBX 153 per share, for a total transaction of £12,240. 32.04% of the stock is owned by company insiders.
About Franchise Brands
Franchise Brands (FTSE AIM UK 50) is a platform of international B2B franchise brands focused on essential services through a mobile workforce. We have clarity of purpose which is acquire, develop and scale proven franchise businesses. Our focus is to help our franchise partners grow their businesses, so that “as they grow, we grow”.
Our franchise partners benefit from our One Franchise Brands platform which includes shared, bespoke technology systems, a strategic growth maximisation methodology and management franchising expertise.
We have 7 franchise brands in 10 countries, 265 franchise partners in the three core B2B divisions, 261 B2C franchise partners and approximately 2,500 mobile service vehicles.
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