Canaccord Genuity Group Reiterates “Buy” Rating for The Property Franchise Group (LON:TPFG)

Canaccord Genuity Group restated their buy rating on shares of The Property Franchise Group (LON:TPFG) in a research report released on Wednesday morning, MarketBeat Ratings reports. Canaccord Genuity Group currently has a GBX 589 ($7.53) price objective on the stock.

Separately, Berenberg Bank lifted their target price on The Property Franchise Group from GBX 521 ($6.66) to GBX 589 ($7.53) and gave the company a buy rating in a research note on Monday, June 3rd.

The Property Franchise Group Stock Performance

Shares of LON:TPFG traded up GBX 1 ($0.01) during trading hours on Wednesday, hitting GBX 464 ($5.93). The stock had a trading volume of 19,989 shares, compared to its average volume of 95,658. The stock’s fifty day simple moving average is GBX 443.58 and its 200 day simple moving average is GBX 389.02. The firm has a market capitalization of £289.21 million, a price-to-earnings ratio of 2,109.09 and a beta of 0.34. 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 Property Franchise Group has a 1-year low of GBX 255 ($3.26) and a 1-year high of GBX 469 ($5.99).

About The Property Franchise Group

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.