Franchise Brands plc (LON:FRAN – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday. The company traded as high as GBX 162.50 and last traded at GBX 161, with a volume of 607,008 shares changing hands. The stock had previously closed at GBX 156.25.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 185 price target on shares of Franchise Brands in a research note on Tuesday. Three analysts have rated the stock with a Buy rating. According to data from MarketBeat, Franchise Brands has a consensus rating of “Buy” and a consensus price target of GBX 197.50.
View Our Latest Stock Report on FRAN
Franchise Brands Price Performance
The firm has a market cap of £312.28 million, a PE ratio of 29.00 and a beta of 0.47. The company has a current ratio of 1.18, a quick ratio of 1.57 and a debt-to-equity ratio of 35.66. The company has a 50 day moving average price of GBX 155.01 and a 200 day moving average price of GBX 141.75.
Insider Transactions at Franchise Brands
In other news, insider Neil Miller acquired 8,000 shares of Franchise Brands stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average cost of GBX 153 per share, with a total value of £12,240. Corporate insiders own 32.04% of the company’s stock.
Franchise Brands Company Profile
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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