Franchise Brands (LON:FRAN) Reaches New 12-Month High – Still a Buy?

Franchise Brands plc (LON:FRAN) reached a new 52-week high on Monday . The stock traded as high as GBX 160 and last traded at GBX 159.50, with a volume of 25987 shares. The stock had previously closed at GBX 156.50.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 185 target price on shares of Franchise Brands in a report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 197.50.

Franchise Brands Stock Up 0.1%

The business’s 50-day moving average price is GBX 149.09 and its 200-day moving average price is GBX 140.20. The firm has a market capitalization of £300.07 million, a PE ratio of 27.87 and a beta of 0.51. The company has a quick ratio of 1.57, a current ratio of 1.18 and a debt-to-equity ratio of 35.66.

Franchise Brands (LON:FRAN) last posted its quarterly earnings results on Wednesday, July 29th. The company reported GBX 4.81 earnings per share for the quarter. Franchise Brands had a net margin of 7.37% and a return on equity of 4.87%. As a group, equities research analysts predict that Franchise Brands plc will post 11.3266098 EPS for the current fiscal year.

Insider Activity at Franchise Brands

In other Franchise Brands news, insider Neil Miller acquired 8,000 shares of Franchise Brands stock in a transaction that occurred on Thursday, August 20th. The stock was acquired at an average price of GBX 153 per share, with a total value of £12,240. 32.04% of the stock is currently owned by company insiders.

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.