FRP Advisory Group (LON:FRP) Stock Price Down 0.7% – Here’s What Happened

FRP Advisory Group plc (LON:FRP) shares dropped 0.7% on Friday. The company traded as low as GBX 121 and last traded at GBX 122.89. Approximately 785,590 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 822,210 shares. The stock had previously closed at GBX 123.75.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 220 price objective on shares of FRP Advisory Group in a report on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 220.

FRP Advisory Group Stock Performance

The company has a quick ratio of 2.12, a current ratio of 45.41 and a debt-to-equity ratio of 9.25. The business has a fifty day moving average price of GBX 119.71 and a 200-day moving average price of GBX 118.12. The stock has a market capitalization of £303.65 million, a P/E ratio of 11.98 and a beta of 0.27.

Insiders Place Their Bets

In other FRP Advisory Group news, insider Gavin Jones sold 66,884 shares of FRP Advisory Group stock in a transaction on Monday, September 7th. The shares were sold at an average price of GBX 119, for a total value of £79,591.96. 4.47% of the stock is owned by insiders.

FRP Advisory Group Company Profile

FRP provide solutions to create, preserve and recover value across a range of complex situations.

Specialising in forensics, corporate finance, debt, restructuring and financial advisory, we deliver strategic solutions across a broad range of situations. Our five pillar services complement each other. We draw on experts within each of our service areas to put the best people in place for each circumstance.

Working across the board, from multinational organisations to small enterprises, we develop effective strategies for all kinds of businesses.