FRP Advisory Group (LON:FRP) Stock Crosses Above 50-Day Moving Average – Here’s Why

Shares of FRP Advisory Group plc (LON:FRP) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 114.04 and traded as high as GBX 120. FRP Advisory Group shares last traded at GBX 119, with a volume of 6,132,526 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 220 price target on shares of FRP Advisory Group in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 220.

FRP Advisory Group Stock Down 0.9%

The company has a market cap of £291.44 million, a P/E ratio of 11.50 and a beta of 0.26. The stock has a 50-day moving average of GBX 114.04 and a 200 day moving average of GBX 117.56. The company has a debt-to-equity ratio of 9.25, a current ratio of 45.41 and a quick ratio of 2.12.

FRP Advisory Group (LON:FRP) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported GBX 11.92 earnings per share for the quarter. FRP Advisory Group had a net margin of 14.80% and a return on equity of 24.47%. Research analysts anticipate that FRP Advisory Group plc will post 10.5042017 earnings per share for the current year.

About FRP Advisory Group

FRP provide solutions to create, preserve and recover value across a range of complex situations.

Specialising in forensics, corporate finance, debt, restructuring and financial advisory, we deliver strategic solutions across a broad range of situations. Our five pillar services complement each other. We draw on experts within each of our service areas to put the best people in place for each circumstance.

Working across the board, from multinational organisations to small enterprises, we develop effective strategies for all kinds of businesses.