Franchise Brands (LON:FRAN) Trading Up 0.8% – Here’s What Happened

Franchise Brands plc (LON:FRAN)’s share price shot up 0.8% during trading on Thursday . The stock traded as high as GBX 130 and last traded at GBX 129. 285,972 shares traded hands during trading, an increase of 5% from the average session volume of 271,894 shares. The stock had previously closed at GBX 128.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 185 price objective on shares of Franchise Brands in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 185.

Franchise Brands Stock Up 0.8%

The company has a debt-to-equity ratio of 35.78, a quick ratio of 1.57 and a current ratio of 1.25. The business’s 50 day moving average is GBX 132.62 and its 200-day moving average is GBX 131.98. The stock has a market cap of £250.16 million, a price-to-earnings ratio of 32.34 and a beta of 0.42.

About Franchise Brands

Franchise Brands is an international, multi-brand franchisor focused on B2B van-based service with seven franchise brands and a presence in 10 countries across the UK, North America and Europe. The Group is focused on building market-leading businesses primarily via a franchise model and has a combined network of over 600 franchisees.

The Company owns several market-leading brands with long trading histories, including Pirtek in Europe, Filta, Metro Rod and Metro Plumb, all of which benefit from the Group’s central support services, particularly technology, marketing, and finance.