The Property Franchise Group (LON:TPFG) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of The Property Franchise Group PLC (LON:TPFG) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 427.02 ($5.52) and traded as low as GBX 424.94 ($5.49). The Property Franchise Group shares last traded at GBX 427.50 ($5.53), with a volume of 112,304 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 589 ($7.61) price objective on shares of The Property Franchise Group in a research note on Thursday, January 30th.

The Property Franchise Group Stock Up 1.2 %

The business’s 50-day moving average price is GBX 427.02 and its 200 day moving average price is GBX 425.36. The company has a market capitalization of £271.90 million, a P/E ratio of 17.66 and a beta of 0.42.

Insider Buying and Selling at The Property Franchise Group

In other The Property Franchise Group news, insider Michelle Brook sold 8,788 shares of the company’s stock in a transaction dated Monday, February 17th. The stock was sold at an average price of GBX 439 ($5.68), for a total value of £38,579.32 ($49,876.30). 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.