The Property Franchise Group (LON:TPFG) Earns Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of The Property Franchise Group (LON:TPFG) in a research note released on Wednesday, MarketBeat Ratings reports. They currently have a GBX 589 ($7.53) price target on the stock.

Separately, Berenberg Bank lifted their target price on shares of The Property Franchise Group from GBX 521 ($6.66) to GBX 589 ($7.53) and gave the stock a buy rating in a research note on Monday, June 3rd.

The Property Franchise Group Stock Performance

LON TPFG traded up GBX 1 ($0.01) during trading hours on Wednesday, reaching GBX 464 ($5.93). 19,989 shares of the company were exchanged, compared to its average volume of 95,658. The company has a quick ratio of 1.20, a current ratio of 1.11 and a debt-to-equity ratio of 11.13. The stock has a market capitalization of £289.21 million, a P/E ratio of 2,109.09 and a beta of 0.34. The Property Franchise Group has a 1 year low of GBX 255 ($3.26) and a 1 year high of GBX 469 ($5.99). The business’s 50 day simple moving average is GBX 443.58 and its 200-day simple moving average is GBX 389.02.

About The Property Franchise Group

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.