The Property Franchise Group (LON:TPFG - Free Report) had its price target hoisted by Canaccord Genuity Group from GBX 589 ($7.71) to GBX 595 ($7.79) in a report published on Tuesday, MarketBeat reports. They currently have a buy rating on the stock.
The Property Franchise Group Stock Performance
TPFG stock traded up GBX 5.29 ($0.07) during midday trading on Tuesday, reaching GBX 411.29 ($5.38). 862,494 shares of the company were exchanged, compared to its average volume of 111,244. The Property Franchise Group has a 1-year low of GBX 336.55 ($4.41) and a 1-year high of GBX 490 ($6.41). The company has a market cap of £261.59 million, a price-to-earnings ratio of 16.99 and a beta of 0.42. The stock's 50-day simple moving average is GBX 428.50 and its 200 day simple moving average is GBX 422.50.
The Property Franchise Group (LON:TPFG - Get Free Report) last released its quarterly earnings results on Tuesday, April 8th. The company reported GBX 31.70 ($0.41) EPS for the quarter. The Property Franchise Group had a return on equity of 8.40% and a net margin of 18.96%. On average, research analysts anticipate that The Property Franchise Group will post 34.5809601 earnings per share for the current year.
The Property Franchise Group Increases Dividend
The company also recently disclosed a dividend, which will be paid on Monday, April 21st. Stockholders of record on Thursday, April 17th will be given a GBX 12 ($0.16) dividend. This represents a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, April 17th. This is a positive change from The Property Franchise Group's previous dividend of $6.00. The Property Franchise Group's payout ratio is currently 53.71%.
Insider Buying and Selling
In other The Property Franchise Group news, insider Michelle Brook sold 8,788 shares of the company's stock in a transaction dated Monday, February 17th. The shares were sold at an average price of GBX 439 ($5.75), for a total value of £38,579.32 ($50,496.49). Corporate insiders own 19.92% of the company's stock.
The Property Franchise Group Company Profile
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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.
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