The Property Franchise Group (LON:TPFG) Share Price Crosses Below 50-Day Moving Average of $460.90

The Property Franchise Group PLC (LON:TPFG) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 460.90 ($6.09) and traded as low as GBX 441 ($5.83). The Property Franchise Group shares last traded at GBX 446 ($5.89), with a volume of 117,659 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Canaccord Genuity Group reissued a “buy” rating and set a GBX 589 ($7.78) target price on shares of The Property Franchise Group in a report on Tuesday, September 10th. Berenberg Bank increased their target price on The Property Franchise Group from GBX 521 ($6.88) to GBX 589 ($7.78) and gave the stock a “buy” rating in a report on Monday, June 3rd.

The Property Franchise Group Stock Down 0.8 %

The company has a market capitalization of £281.94 million, a P/E ratio of 2,027.27 and a beta of 0.42. The company has a debt-to-equity ratio of 11.13, a quick ratio of 1.20 and a current ratio of 1.11. The firm’s fifty day moving average is GBX 460.90 and its 200-day moving average is GBX 412.68.

The Property Franchise Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, October 4th. Stockholders of record on Thursday, September 19th will be issued a dividend of GBX 6 ($0.08) per share. The ex-dividend date is Thursday, September 19th. This represents a dividend yield of 1.27%. The Property Franchise Group’s dividend payout ratio (DPR) is presently 5,454.55%.

The Property Franchise Group Company Profile

The Property Franchise Group PLC manages and leases residential real estate properties in the United Kingdom. The company operates through two segments: Property Franchising and Financial Services. It provides residential letting, estate agency, sales and property management services; and financial services, as well as operates as property franchisor.