Franchise Brands (LON:FRAN) Shares Down 2.1% – Here’s Why

Franchise Brands plc (LON:FRAN)’s stock price dropped 2.1% during mid-day trading on Wednesday . The stock traded as low as GBX 137.50 and last traded at GBX 138. 59,847 shares traded hands during trading, a decline of 80% from the average session volume of 295,718 shares. The stock had previously closed at GBX 141.

Analyst Ratings Changes

A number of analysts have commented on the company. Stifel Nicolaus reduced their price target on Franchise Brands from GBX 260 to GBX 210 and set a “buy” rating for the company in a research report on Thursday, March 26th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 185 price objective on shares of Franchise Brands in a research report on Tuesday, May 26th. Finally, Shore Capital Group reiterated a “buy” rating on shares of Franchise Brands in a research note on Friday, April 24th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Franchise Brands currently has an average rating of “Buy” and an average price target of GBX 197.50.

Franchise Brands Stock Down 2.1%

The stock has a market capitalization of £264.52 million, a P/E ratio of 29.74 and a beta of 0.49. The company’s 50-day moving average price is GBX 144.93 and its 200 day moving average price is GBX 134.91. The company has a debt-to-equity ratio of 36.34, a quick ratio of 1.57 and a current ratio of 1.15.

Franchise Brands Company Profile

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.