Insider Selling: The Property Franchise Group PLC (LON:TPFG) Insider Sells £902,700 in Stock

by · The Markets Daily

The Property Franchise Group PLC (LON:TPFG – Get Free Report) insider David Arthur Raggett sold 212,400 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of GBX 425 ($5.69), for a total transaction of £902,700 ($1,208,757.36).

The Property Franchise Group Price Performance

Shares of LON:TPFG opened at GBX 425 ($5.69) on Monday. The company has a 50-day simple moving average of GBX 460.59 and a 200-day simple moving average of GBX 416.95. The Property Franchise Group PLC has a one year low of GBX 270.20 ($3.62) and a one year high of GBX 490 ($6.56). 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 capitalization of £270.94 million, a price-to-earnings ratio of 2,250.00 and a beta of 0.42.

The Property Franchise Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 4th. Stockholders of record on Thursday, September 19th will be issued a GBX 6 ($0.08) dividend. The ex-dividend date is Thursday, September 19th. This represents a dividend yield of 1.27%. The Property Franchise Group’s payout ratio is 6,842.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 589 ($7.89) price target on shares of The Property Franchise Group in a research report on Tuesday, September 10th. Berenberg Bank boosted their price target on shares of The Property Franchise Group from GBX 521 ($6.98) to GBX 589 ($7.89) and gave the company a “buy” rating in a research report on Monday, June 3rd.

View Our Latest Report on TPFG

About The Property Franchise Group

(Get Free Report)

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.

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