The Property Franchise Group’s (TPFG) “Buy” Rating Reiterated at Canaccord Genuity Group

The Property Franchise Group (LON:TPFG)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity Group in a report issued on Thursday,Digital Look reports. They presently have a GBX 589 ($7.33) price objective on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 42.27% from the stock’s previous close.

The Property Franchise Group Price Performance

Shares of LON:TPFG traded up GBX 4 ($0.05) during midday trading on Thursday, hitting GBX 414 ($5.15). The stock had a trading volume of 239,123 shares, compared to its average volume of 106,864. The company’s 50-day moving average price is GBX 411.35 and its 200-day moving average price is GBX 434.71. The Property Franchise Group has a fifty-two week low of GBX 310 ($3.86) and a fifty-two week high of GBX 490 ($6.10). The company has a quick ratio of 1.20, a current ratio of 0.85 and a debt-to-equity ratio of 15.84. The company has a market capitalization of £263.93 million, a P/E ratio of 2,178.95 and a beta of 0.42.

Insider Buying and Selling at The Property Franchise Group

In related news, insider Gareth Samples bought 10,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of GBX 402 ($5.00) per share, with a total value of £40,200 ($50,049.80). Also, insider David Arthur Raggett purchased 5,000 shares of the stock in a transaction dated Friday, December 20th. The shares were bought at an average price of GBX 394 ($4.91) per share, with a total value of £19,700 ($24,526.89). Insiders bought a total of 20,000 shares of company stock worth $8,000,000 over the last three months. Corporate insiders own 19.92% of the company’s stock.

About The Property Franchise Group

The Property Franchise Group PLC (AIM: TPFG) is the UK’s largest multi-brand property franchisor, with a network of over 1,946 outlets delivering high quality services to residential clients, combined with an established Financial Services business.

The Company was founded in 1986 and has since strategically grown to a diverse portfolio of 18 brands operating throughout the UK, comprising longstanding high-street focused brands and two hybrid brands.