The Property Franchise Group (LON:TPFG) Earns “Buy” Rating from Canaccord Genuity Group

The Property Franchise Group (LON:TPFG)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity Group in a note issued to investors on Thursday, Marketbeat reports. They presently have a GBX 589 ($7.30) price target on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 43.05% from the stock’s previous close.

The Property Franchise Group Trading Down 0.5 %

Shares of The Property Franchise Group stock opened at GBX 411.75 ($5.10) on Thursday. The business’s 50 day moving average is GBX 410.88 and its 200-day moving average is GBX 434.57. The Property Franchise Group has a 12-month low of GBX 310 ($3.84) and a 12-month high of GBX 490 ($6.07). The stock has a market cap of £262.49 million, a P/E ratio of 2,167.11 and a beta of 0.42. The company has a quick ratio of 1.20, a current ratio of 0.85 and a debt-to-equity ratio of 15.84.

Insider Buying and Selling at The Property Franchise Group

In other The Property Franchise Group news, insider Gareth Samples purchased 10,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of GBX 402 ($4.98) per share, for a total transaction of £40,200 ($49,820.30). Also, insider David Arthur Raggett purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average price of GBX 394 ($4.88) per share, with a total value of £19,700 ($24,414.43). Insiders have purchased a total of 20,000 shares of company stock worth $8,000,000 over the last ninety days. Insiders own 19.92% of the company’s stock.

About The Property Franchise Group

The Property Franchise Group PLC (AIM: TPFG) is the UK’s largest multi-brand property franchisor, with a network of over 1,946 outlets delivering high quality services to residential clients, combined with an established Financial Services business.

The Company was founded in 1986 and has since strategically grown to a diverse portfolio of 18 brands operating throughout the UK, comprising longstanding high-street focused brands and two hybrid brands.