FRP Advisory Group (LON:FRP) Rating Reiterated by Berenberg Bank

Berenberg Bank restated their buy rating on shares of FRP Advisory Group (LON:FRPGet Rating) in a report released on Tuesday morning, reports. The brokerage currently has a GBX 180 ($2.21) price objective on the stock.

FRP Advisory Group Stock Performance

FRP stock opened at GBX 154 ($1.89) on Tuesday. The company has a market capitalization of £383.37 million and a P/E ratio of 3,080.00. The company has a 50-day simple moving average of GBX 151.57 and a 200 day simple moving average of GBX 136.76. FRP Advisory Group has a fifty-two week low of GBX 109 ($1.34) and a fifty-two week high of GBX 162 ($1.99). The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 29.38.

FRP Advisory Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, September 22nd will be given a GBX 1.90 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, September 22nd. This is a boost from FRP Advisory Group’s previous dividend of $0.80. This represents a yield of 1.3%. FRP Advisory Group’s payout ratio is 82.00%.

Insiders Place Their Bets

In other FRP Advisory Group news, insider Jeremy French sold 1,512,746 shares of the business’s stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of GBX 140 ($1.72), for a total value of £2,117,844.40 ($2,595,079.52).

FRP Advisory Group Company Profile

(Get Rating)

FRP Advisory Group plc, through its subsidiaries, provides business advisory services to companies, lenders, investors, individuals, and other stakeholders. The company's services include corporate finance advisory services comprising mergers and acquisitions (M&A), strategic advisory and valuations, capital raising, special situations M&A, partial exits, and financial due diligence; and debt advisory services, such as asset based lending, raising and refinancing debt, debt amendments and extensions, restructuring debt, and corporate and leveraged debt advisory.

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