The Property Franchise Group (LON:TPFG) Given “Buy” Rating at Canaccord Genuity Group

The Property Franchise Group (LON:TPFG)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity Group in a report released on Thursday,Digital Look reports. They currently have a GBX 589 ($7.33) target price on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 42.27% from the company’s current price.

The Property Franchise Group Trading Up 1.0 %

Shares of LON:TPFG traded up GBX 4 ($0.05) during midday trading on Thursday, reaching GBX 414 ($5.15). The company’s stock had a trading volume of 239,123 shares, compared to its average volume of 106,864. The Property Franchise Group has a fifty-two week low of GBX 310 ($3.86) and a fifty-two week high of GBX 490 ($6.10). 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 firm has a 50 day moving average price of GBX 411.35 and a two-hundred day moving average price of GBX 434.71. The firm has a market capitalization of £263.93 million, a price-to-earnings ratio of 2,178.95 and a beta of 0.42.

Insider Buying and Selling

In other news, insider David Arthur Raggett acquired 5,000 shares of The Property Franchise Group stock in a transaction on Friday, December 20th. The stock was acquired at an average cost of GBX 394 ($4.91) per share, with a total value of £19,700 ($24,526.89). Also, insider Gareth Samples acquired 10,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of GBX 402 ($5.00) per share, with a total value of £40,200 ($50,049.80). In the last three months, insiders have bought 20,000 shares of company stock valued at $8,000,000. 19.92% of the stock is owned by company insiders.

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.