The Property Franchise Group (LON:TPFG) Price Target Raised to GBX 595

The Property Franchise Group (LON:TPFG) had its price target raised by Canaccord Genuity Group from GBX 589 ($7.65) to GBX 595 ($7.72) in a research note published on Tuesday, MarketBeat Ratings reports. Canaccord Genuity Group currently has a buy rating on the stock.

The Property Franchise Group Stock Performance

LON TPFG opened at GBX 406 ($5.27) on Tuesday. The firm has a 50-day moving average of GBX 428.36 and a 200-day moving average of GBX 422.57. The stock has a market cap of £258.22 million, a PE ratio of 16.77 and a beta of 0.42. The Property Franchise Group has a 52-week low of GBX 336.55 ($4.37) and a 52-week high of GBX 490 ($6.36).

The Property Franchise Group (LON:TPFG) last issued its earnings results on Tuesday, April 8th. The company reported GBX 31.70 ($0.41) earnings per share for the quarter. The Property Franchise Group had a net margin of 18.96% and a return on equity of 8.40%. As a group, analysts predict that The Property Franchise Group will post 34.5809601 EPS for the current fiscal year.

The Property Franchise Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, April 21st. Shareholders of record on Thursday, April 17th will be issued a dividend of GBX 12 ($0.16) per share. This represents a yield of 2.93%. This is an increase from The Property Franchise Group’s previous dividend of $6.00. The ex-dividend date is Thursday, April 17th. The Property Franchise Group’s payout ratio is currently 53.71%.

Insider Buying and Selling

In other news, insider Michelle Brook sold 8,788 shares of the business’s stock in a transaction on Monday, February 17th. The shares were sold at an average price of GBX 439 ($5.70), for a total transaction of £38,579.32 ($50,077.00). 19.92% of the stock is owned by insiders.

The Property Franchise Group Company Profile

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.