Berenberg Bank Reiterates Buy Rating for The Property Franchise Group (LON:TPFG)

The Property Franchise Group (LON:TPFG)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 680 target price on the stock. Berenberg Bank’s target price suggests a potential upside of 48.47% from the stock’s current price.

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 660 target price on shares of The Property Franchise Group in a research note on Friday, July 17th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 670.

The Property Franchise Group Stock Up 3.5%

Shares of LON TPFG opened at GBX 458 on Wednesday. The stock has a fifty day moving average price of GBX 475.11 and a 200 day moving average price of GBX 470.23. The company has a current ratio of 3.29, a quick ratio of 1.20 and a debt-to-equity ratio of 10.83. The Property Franchise Group has a 12-month low of GBX 349 and a 12-month high of GBX 600. The company has a market cap of £291.98 million, a P/E ratio of 15.32 and a beta of 0.26.

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. The Property Franchise Group is also a member of two leading mortgage networks through its mortgage brokers, Brook Financial (MAB) and The Mortgage Genie (Primis).

TPFG’s brands are: Belvoir, CJ Hole, Country Properties, Ellis & Co, EweMove, Fine & Country, Hunters, Lovelle, Martin & Co, Mr and Mrs Clarke, Mullucks, Newton Fallowell, Nicholas Humphreys, Northwood, Parkers, The Guild of Property Professionals and Whitegates.

Headquartered in Bournemouth, the Company was listed on AIM on the London Stock Exchange in 2013 and entered the AIM 100 in July 2024.