Franchise Brands (LON:FRAN) Stock Price Down 2.1% – Here’s Why

Franchise Brands plc (LON:FRAN) dropped 2.1% on Wednesday . The stock traded as low as GBX 137.50 and last traded at GBX 138. 59,847 shares were traded during trading, a decline of 80% from the average session volume of 295,718 shares. The stock had previously closed at GBX 141.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Berenberg Bank restated a “buy” rating and issued a GBX 185 price target on shares of Franchise Brands in a research note on Tuesday, May 26th. Shore Capital Group reissued a “buy” rating on shares of Franchise Brands in a report on Friday, April 24th. Finally, Stifel Nicolaus dropped their target price 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. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 197.50.

Franchise Brands Trading Down 2.1%

The company has a quick ratio of 1.57, a current ratio of 1.15 and a debt-to-equity ratio of 36.34. The firm has a market capitalization of £264.52 million, a PE ratio of 29.74 and a beta of 0.49. The stock’s fifty day simple moving average is GBX 144.93 and its 200 day simple moving average is GBX 134.91.

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.