The Property Franchise Group (LON:TPFG) Share Price Passes Below Fifty Day Moving Average - Here's What Happened

The Property Franchise Group PLC (LON:TPFG - Get Free Report)'s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 427.02 ($5.50) and traded as low as GBX 424.94 ($5.48). The Property Franchise Group shares last traded at GBX 427.50 ($5.51), with a volume of 112,304 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 589 ($7.59) price objective on shares of The Property Franchise Group in a research report on Thursday, January 30th.

The Property Franchise Group Stock Down 2.7 %

The business has a 50-day simple moving average of GBX 428.21 and a two-hundred day simple moving average of GBX 423.94. The stock has a market capitalization of £261.54 million, a price-to-earnings ratio of 16.99 and a beta of 0.42.

Insider Buying and Selling at The Property Franchise Group

In other The Property Franchise Group news, insider Michelle Brook sold 8,788 shares of The Property Franchise Group stock in a transaction that occurred on Monday, February 17th. The shares were sold at an average price of GBX 439 ($5.66), for a total value of £38,579.32 ($49,728.44). 19.92% of the stock is owned by corporate insiders.

About The Property Franchise Group

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.