Franchise Brands (LON:FRAN) Trading Up 0.8% – Here’s What Happened

Franchise Brands plc (LON:FRAN) was up 0.8% during trading on Tuesday . The stock traded as high as GBX 150 and last traded at GBX 147.22. Approximately 234,622 shares were traded during trading, a decline of 20% from the average daily volume of 292,894 shares. The stock had previously closed at GBX 146.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FRAN shares. Shore Capital Group reaffirmed a “buy” rating on shares of Franchise Brands in a report on Friday, April 24th. Stifel Nicolaus dropped their price target on Franchise Brands from GBX 260 to GBX 210 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 185 price target on shares of Franchise Brands in a research report on Tuesday, May 26th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 197.50.

Franchise Brands Stock Performance

The company has a current ratio of 1.15, a quick ratio of 1.57 and a debt-to-equity ratio of 36.34. The firm has a 50-day simple moving average of GBX 139.41 and a two-hundred day simple moving average of GBX 134.64. The company has a market capitalization of £282.19 million, a price-to-earnings ratio of 31.73 and a beta of 0.46.

Franchise Brands (LON:FRAN) last issued its earnings results on Wednesday, March 25th. The company reported GBX 9 earnings per share for the quarter. Franchise Brands had a return on equity of 4.06% and a net margin of 6.32%. As a group, sell-side analysts forecast that Franchise Brands plc will post 11.3266098 earnings per share for the current fiscal year.

Insider Buying and Selling at Franchise Brands

In other Franchise Brands news, insider Stephen Hemsley purchased 72,500 shares of the business’s stock in a transaction dated Wednesday, March 25th. The shares were acquired at an average price of GBX 116 per share, for a total transaction of £84,100. Corporate insiders own 32.01% of the company’s stock.

About Franchise Brands

Franchise Brands is an international, multi-brand franchisor focused on B2B van-based service with seven franchise brands and a presence in 10 countries across the UK, North America and Europe. The Group is focused on building market-leading businesses primarily via a franchise model and has a combined network of over 600 franchisees.

The Company owns several market-leading brands with long trading histories, including Pirtek in Europe, Filta, Metro Rod and Metro Plumb, all of which benefit from the Group’s central support services, particularly technology, marketing, and finance.