Franchise Brands (LON:FRAN) Reaches New 12-Month High – Still a Buy?

Franchise Brands plc (LON:FRAN)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 160 and last traded at GBX 159.50, with a volume of 25987 shares. The stock had previously closed at GBX 156.50.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 185 target price on shares of Franchise Brands in a research note on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 197.50.

Franchise Brands Stock Up 1.9%

The business’s 50 day simple moving average is GBX 148.47 and its 200-day simple moving average is GBX 139.83. The company has a debt-to-equity ratio of 35.66, a quick ratio of 1.57 and a current ratio of 1.18. The company has a market cap of £305.57 million, a price-to-earnings ratio of 28.38 and a beta of 0.51.

Franchise Brands (LON:FRAN) last posted its quarterly earnings results on Wednesday, July 29th. The company reported GBX 4.81 earnings per share for the quarter. Franchise Brands had a net margin of 7.37% and a return on equity of 4.87%. Sell-side analysts expect that Franchise Brands plc will post 11.3266098 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Neil Miller bought 8,000 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were bought at an average cost of GBX 153 per share, with a total value of £12,240. 32.04% of the stock is currently owned by insiders.

About Franchise Brands

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.