Berenberg Bank Reiterates Buy Rating for Franchise Brands (LON:FRAN)

Franchise Brands (LON:FRAN)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a report issued on Wednesday, Marketbeat Ratings reports. They currently have a GBX 185 target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 58.25% from the company’s previous close.

Franchise Brands Stock Performance

Franchise Brands stock opened at GBX 116.90 on Wednesday. The firm has a fifty day simple moving average of GBX 128.92 and a two-hundred day simple moving average of GBX 130.71. The company has a quick ratio of 1.57, a current ratio of 1.25 and a debt-to-equity ratio of 35.78. Franchise Brands has a twelve month low of GBX 104.66 and a twelve month high of GBX 160. The company has a market capitalization of £224.95 million, a PE ratio of 29.08 and a beta of 0.39.

Franchise Brands (LON:FRAN) last released its quarterly earnings data on Wednesday, March 25th. The company reported GBX 9 EPS for the quarter. Franchise Brands had a return on equity of 3.60% and a net margin of 5.66%. Research analysts expect that Franchise Brands will post 11.3266098 EPS for the current year.

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.