Franchise Brands (LON:FRAN) Receives Buy Rating from Berenberg Bank

Franchise Brands (LON:FRAN)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. They presently have a GBX 185 target price on the stock. Berenberg Bank’s price target suggests a potential upside of 27.29% from the stock’s previous close.

A number of other brokerages have also recently weighed in on FRAN. Stifel Nicolaus decreased their price target on shares of Franchise Brands from GBX 260 to GBX 210 and set a “buy” rating for the company in a research note on Thursday, March 26th. Shore Capital Group reiterated a “buy” rating on shares of Franchise Brands in a research note on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 197.50.

Franchise Brands Trading Up 2.4%

Shares of Franchise Brands stock opened at GBX 145.34 on Tuesday. The company has a fifty day simple moving average of GBX 131.04 and a 200-day simple moving average of GBX 132.59. Franchise Brands has a 12-month low of GBX 104.66 and a 12-month high of GBX 160. The company has a current ratio of 1.15, a quick ratio of 1.57 and a debt-to-equity ratio of 36.34. The stock has a market cap of £278.59 million, a price-to-earnings ratio of 31.32 and a beta of 0.46.

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

Insiders Place Their Bets

In other Franchise Brands news, insider Stephen Hemsley purchased 72,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was purchased at an average price of GBX 116 per share, for a total transaction of £84,100. 31.78% of the stock is currently owned by corporate 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.