Franchise Brands (LON:FRAN) Reaches New 1-Year High – Still a Buy?

Shares of Franchise Brands plc (LON:FRAN) reached a new 52-week high on Thursday . The stock traded as high as GBX 168.17 and last traded at GBX 130.39, with a volume of 249239 shares traded. The stock had previously closed at GBX 130.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 185 price objective on shares of Franchise Brands in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 185.

Franchise Brands Stock Up 0.9%

The business’s fifty day simple moving average is GBX 136.35 and its 200 day simple moving average is GBX 132.48. The company has a current ratio of 1.39, a quick ratio of 1.57 and a debt-to-equity ratio of 42.67. The stock has a market cap of £255.93 million, a price-to-earnings ratio of 33.08 and a beta of 0.82.

Franchise Brands Company Profile

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.