Franchise Brands (LON:FRAN) Share Price Passes Above 50 Day Moving Average – What’s Next?

Franchise Brands plc (LON:FRAN)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 128.99 and traded as high as GBX 153.65. Franchise Brands shares last traded at GBX 151, with a volume of 321,151 shares traded.

Analyst Upgrades and Downgrades

FRAN has been the topic of a number of recent analyst reports. Shore Capital Group reaffirmed a “buy” rating on shares of Franchise Brands in a research report on Friday, April 24th. Stifel Nicolaus cut their target price on Franchise Brands from GBX 260 to GBX 210 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 185 price target on shares of Franchise Brands in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 197.50.

Franchise Brands Stock Down 1.3%

The company has a debt-to-equity ratio of 36.34, a current ratio of 1.15 and a quick ratio of 1.57. The firm has a market cap of £289.44 million, a PE ratio of 32.54 and a beta of 0.46. The business has a fifty day moving average price of GBX 128.99 and a two-hundred day moving average price of GBX 131.61.

Franchise Brands (LON:FRAN) last issued its earnings results on Wednesday, March 25th. The company reported GBX 9 EPS for the quarter. Franchise Brands had a return on equity of 4.06% and a net margin of 6.32%. On average, analysts anticipate that Franchise Brands plc will post 11.3266098 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Stephen Hemsley bought 72,500 shares of the stock in a transaction on Wednesday, March 25th. The shares were purchased at an average price of GBX 116 per share, for a total transaction of £84,100. 31.78% of the stock is owned by company insiders.

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.