Franchise Brands plc (LON:FRAN – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as GBX 162.50 and last traded at GBX 161, with a volume of 607,008 shares. The stock had previously closed at GBX 156.25.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 185 price target on shares of Franchise Brands in a report on Tuesday. Three research analysts have rated the stock with a Buy rating. According to MarketBeat, Franchise Brands presently has a consensus rating of “Buy” and an average target price of GBX 197.50.
View Our Latest Stock Report on FRAN
Franchise Brands Stock Performance
The company has a market cap of £308.45 million, a price-to-earnings ratio of 28.65 and a beta of 0.47. The firm’s 50-day moving average price is GBX 154.42 and its 200 day moving average price is GBX 141.36. The company has a debt-to-equity ratio of 35.66, a quick ratio of 1.57 and a current ratio of 1.18.
Insider Transactions at Franchise Brands
In related news, insider Neil Miller acquired 7,000 shares of Franchise Brands stock in a transaction on Monday, October 12th. The stock was purchased at an average cost of GBX 155 per share, with a total value of £10,850. 32.04% of the stock is owned by corporate 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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