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

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

Analyst Ratings Changes

A number of research analysts recently weighed in on FRAN shares. Stifel Nicolaus cut their price objective on Franchise Brands from GBX 260 to GBX 210 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Shore Capital Group reissued a “buy” rating on shares of Franchise Brands in a research note on Friday, April 24th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 185 price objective on shares of Franchise Brands in a research note on Tuesday, May 26th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 197.50.

Franchise Brands Price Performance

The stock has a market cap of £282.19 million, a price-to-earnings ratio of 31.73 and a beta of 0.46. The stock has a fifty day simple moving average of GBX 139.41 and a 200-day simple moving average of GBX 134.64. The company has a current ratio of 1.15, a quick ratio of 1.57 and a debt-to-equity ratio of 36.34.

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

Insider Transactions at Franchise Brands

In other Franchise Brands news, insider Stephen Hemsley bought 72,500 shares of the stock in a transaction on Wednesday, March 25th. The shares were purchased at an average price of GBX 116 per share, with a total value of £84,100. 32.01% of the stock is owned by company insiders.

Franchise Brands Company Profile

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.