FRP Advisory Group (LON:FRP) Earns Buy Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of FRP Advisory Group (LON:FRP - Free Report) in a research report sent to investors on Tuesday, MarketBeat.com reports. They currently have a GBX 220 ($2.80) price target on the stock.

FRP Advisory Group Trading Down 3.2 %

Shares of LON:FRP traded down GBX 5 ($0.06) during midday trading on Tuesday, reaching GBX 149.50 ($1.90). The company had a trading volume of 692,005 shares, compared to its average volume of 646,152. The company has a fifty day simple moving average of GBX 143.81 and a two-hundred day simple moving average of GBX 138.69. The company has a debt-to-equity ratio of 14.51, a quick ratio of 2.12 and a current ratio of 2.68. The firm has a market cap of £366.45 million, a price-to-earnings ratio of 1,645.06 and a beta of 0.48. FRP Advisory Group has a 1-year low of GBX 109 ($1.39) and a 1-year high of GBX 160.99 ($2.05).

FRP Advisory Group Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, February 20th will be given a GBX 0.95 ($0.01) dividend. The ex-dividend date is Thursday, February 20th. This represents a dividend yield of 0.61%. FRP Advisory Group's dividend payout ratio (DPR) is presently 5,555.56%.

Insider Buying and Selling

In other FRP Advisory Group news, insider David Chubb sold 35,000 shares of the firm's stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of GBX 140 ($1.78), for a total transaction of £49,000 ($62,293.41). Company insiders own 10.82% of the company's stock.

About FRP Advisory Group

FRP Advisory Group plc, together with 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.