Franchise Brands (LON:FRAN) Receives “Buy” Rating from Berenberg Bank

Franchise Brands (LON:FRAN)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a research note issued to investors on Thursday, MarketBeat reports. They currently have a GBX 185 target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 40.15% from the stock’s previous close.

Franchise Brands Trading Down 1.9%

Shares of LON:FRAN traded down GBX 2.50 during midday trading on Thursday, reaching GBX 132. The company’s stock had a trading volume of 56,827 shares, compared to its average volume of 260,936. The business has a 50 day moving average price of GBX 137.15 and a 200 day moving average price of GBX 133.58. Franchise Brands has a 1 year low of GBX 106 and a 1 year high of GBX 160. The firm has a market cap of £254.01 million, a price-to-earnings ratio of 32.84 and a beta of 0.82. The company has a quick ratio of 1.57, a current ratio of 1.39 and a debt-to-equity ratio of 42.67.

About Franchise Brands

Franchise Brands is an international, multi-brand franchisor focused on B2B van-based service with seven franchise brands and a presence in 10 countries across the UK, North America and Europe. The Group is focused on building market-leading businesses primarily via a franchise model and has a combined network of over 600 franchisees.

The Company owns several market-leading brands with long trading histories, including Pirtek in Europe, Filta, Metro Rod and Metro Plumb, all of which benefit from the Group’s central support services, particularly technology, marketing, and finance.