Franchise Brands (LON:FRAN) Hits New 52-Week High – Here’s What Happened

by · The Markets Daily

Shares of Franchise Brands plc (LON:FRAN – Get Free Report) hit a new 52-week high during trading on Monday. The company traded as high as GBX 160 and last traded at GBX 156, with a volume of 59869 shares. The stock had previously closed at GBX 158.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 185 price objective on shares of Franchise Brands in a report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Franchise Brands has an average rating of “Buy” and a consensus target price of GBX 197.50.

View Our Latest Research Report on Franchise Brands

Franchise Brands Trading Down 1.3%

The stock’s fifty day simple moving average is GBX 151.86 and its two-hundred day simple moving average is GBX 141.82. The firm has a market cap of £298.87 million, a PE ratio of 27.76 and a beta of 0.51. The company has a quick ratio of 1.57, a current ratio of 1.18 and a debt-to-equity ratio of 35.66.

Franchise Brands (LON:FRAN – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported GBX 4.81 earnings per share for the quarter. Franchise Brands had a return on equity of 4.87% and a net margin of 7.37%. On average, sell-side analysts forecast that Franchise Brands plc will post 11.3266098 EPS for the current fiscal year.

Insider Activity

In other news, insider Neil Miller purchased 8,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average price of GBX 153 per share, for a total transaction of £12,240. 32.04% of the stock is currently owned by corporate insiders.

Franchise Brands Company Profile

(Get Free Report)

Franchise Brands (FTSE AIM UK 50) is a platform of international B2B franchise brands focused on essential services through a mobile workforce. We have clarity of purpose which is acquire, develop and scale proven franchise businesses. Our focus is to help our franchise partners grow their businesses, so that “as they grow, we grow”.

Our franchise partners benefit from our One Franchise Brands platform which includes shared, bespoke technology systems, a strategic growth maximisation methodology and management franchising expertise.

We have 7 franchise brands in 10 countries, 265 franchise partners in the three core B2B divisions, 261 B2C franchise partners and approximately 2,500 mobile service vehicles.

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