Franchise Brands plc (LON:FRAN – Get Free Report) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 144.52 and traded as low as GBX 143. Franchise Brands shares last traded at GBX 145.50, with a volume of 179,552 shares changing hands.
Wall Street Analyst Weigh In
FRAN has been the topic of several recent research reports. Shore Capital Group reiterated a “buy” rating on shares of Franchise Brands in a research report on Friday, April 24th. Berenberg Bank reissued a “buy” rating and set a GBX 185 price objective on shares of Franchise Brands in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 197.50.
Read Our Latest Research Report on Franchise Brands
Franchise Brands Stock Performance
Franchise Brands (LON:FRAN – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported GBX 4.81 earnings per share for the quarter. Franchise Brands had a return on equity of 4.87% and a net margin of 7.37%. Equities research analysts forecast that Franchise Brands plc will post 11.3266098 EPS for the current year.
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.
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