Franchise Brands (LON:FRAN) Given Buy Rating at Berenberg Bank

Franchise Brands (LON:FRAN)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a report released on Tuesday, Digital Look reports. They presently have a GBX 185 target price on the stock. Berenberg Bank‘s price objective would indicate a potential upside of 15.03% from the stock’s previous close.

Franchise Brands Stock Up 2.9%

Franchise Brands stock opened at GBX 160.83 on Tuesday. The company has a 50 day moving average of GBX 154.42 and a 200-day moving average of GBX 141.36. 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 has a twelve month low of GBX 104.66 and a twelve month high of GBX 162.50. The stock has a market capitalization of £308.11 million, a PE ratio of 28.62 and a beta of 0.47.

Insiders Place Their Bets

In other news, insider Neil Miller bought 8,000 shares of the stock in a transaction on Thursday, August 20th. The stock was purchased at an average price of GBX 153 per share, for a total transaction of £12,240. Insiders own 32.04% of the company’s stock.

Franchise Brands Company Profile

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.