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

Canaccord Genuity Group reiterated their buy rating on shares of The Property Franchise Group (LON:TPFG) in a research note released on Thursday, MarketBeat reports. The brokerage currently has a GBX 589 ($7.31) price target on the stock.

The Property Franchise Group Stock Up 0.5 %

Shares of LON TPFG opened at GBX 416.19 ($5.17) on Thursday. The Property Franchise Group has a 52-week low of GBX 310 ($3.85) and a 52-week high of GBX 490 ($6.09). The company has a debt-to-equity ratio of 15.84, a quick ratio of 1.20 and a current ratio of 0.85. The stock has a market cap of £265.32 million, a P/E ratio of 2,190.47 and a beta of 0.42. The firm has a 50 day moving average price of GBX 411.35 and a 200 day moving average price of GBX 434.71.

Insider Activity

In related news, insider Gareth Samples purchased 10,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of GBX 402 ($4.99) per share, with a total value of £40,200 ($49,925.48). Also, insider David Arthur Raggett purchased 5,000 shares of The Property Franchise Group stock in a transaction dated Wednesday, December 18th. The stock was bought at an average price of GBX 402 ($4.99) per share, with a total value of £20,100 ($24,962.74). Insiders bought 20,000 shares of company stock valued at $8,000,000 in the last quarter. Company insiders own 19.92% of the company’s stock.

The Property Franchise Group Company Profile

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.