The Property Franchise Group’s (TPFG) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of The Property Franchise Group (LON:TPFG) in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm currently has a GBX 589 ($7.70) price target on the stock.

Separately, Berenberg Bank upped their price objective on shares of The Property Franchise Group from GBX 521 ($6.81) to GBX 589 ($7.70) and gave the stock a buy rating in a research report on Monday, June 3rd.

The Property Franchise Group Price Performance

The company has a quick ratio of 1.20, a current ratio of 1.11 and a debt-to-equity ratio of 11.13. The Property Franchise Group has a fifty-two week low of GBX 270.20 ($3.53) and a fifty-two week high of GBX 490 ($6.41). The firm has a market cap of £302.18 million, a price-to-earnings ratio of 2,154.55 and a beta of 0.42. The stock has a fifty day simple moving average of GBX 460.13 and a 200-day simple moving average of GBX 409.98.

The Property Franchise Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 4th. Shareholders of record on Thursday, September 19th will be given a GBX 6 ($0.08) dividend. This represents a yield of 1.27%. The ex-dividend date of this dividend is Thursday, September 19th. The Property Franchise Group’s payout ratio is 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.