Shares of Franchise Brands plc (LON:FRAN – Get Free Report) hit a new 52-week high on Tuesday. The company traded as high as GBX 162.50 and last traded at GBX 161, with a volume of 607,008 shares traded. The stock had previously closed at GBX 156.25.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reissued a “buy” rating and set a GBX 185 price objective on shares of Franchise Brands in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 197.50.
Get Our Latest Analysis on Franchise Brands
Franchise Brands Trading Up 3.0%
The firm has a 50 day simple moving average of GBX 154.42 and a 200 day simple moving average of GBX 141.36. The company has a debt-to-equity ratio of 35.66, a quick ratio of 1.57 and a current ratio of 1.18. The firm has a market cap of £308.45 million, a P/E ratio of 28.65 and a beta of 0.47.
Insider Activity at Franchise Brands
In other news, insider Neil Miller acquired 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average cost of GBX 153 per share, with a total value of £12,240. Company insiders own 32.04% of the company’s stock.
About Franchise Brands
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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