FRP Advisory Group’s (FRP) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of FRP Advisory Group (LON:FRP) in a research note published on Tuesday morning, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 220 ($2.80) price objective on the stock.

FRP Advisory Group Price Performance

Shares of LON FRP opened at GBX 149.50 ($1.90) on Tuesday. The stock has a market capitalization of £366.45 million, a price-to-earnings ratio of 1,645.06 and a beta of 0.48. FRP Advisory Group has a 12 month low of GBX 109 ($1.39) and a 12 month high of GBX 160.99 ($2.05). The firm’s 50 day simple moving average is GBX 143.81 and its 200-day simple moving average is GBX 138.69. The company has a debt-to-equity ratio of 14.51, a current ratio of 2.68 and a quick ratio of 2.12.

FRP Advisory Group Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, February 20th will be paid a GBX 0.95 ($0.01) dividend. The ex-dividend date is Thursday, February 20th. This represents a yield of 0.61%. FRP Advisory Group’s dividend payout ratio is currently 5,555.56%.

Insider Activity at FRP Advisory Group

In other FRP Advisory Group news, insider David Chubb sold 35,000 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of GBX 140 ($1.78), for a total value of £49,000 ($62,293.41). 10.82% of the stock is owned by corporate insiders.

About FRP Advisory Group

FRP Advisory Group plc, together with its subsidiaries, provides business advisory services to companies, lenders, investors, individuals, and other stakeholders. The company’s services include corporate finance advisory services comprising mergers and acquisitions (M&A), strategic advisory and valuations, capital raising, special situations M&A, partial exits, and financial due diligence; and debt advisory services, such as asset based lending, raising and refinancing debt, debt amendments and extensions, restructuring debt, and corporate and leveraged debt advisory.