Franchise Brands (LON:FRAN) Share Price Passes Above 50 Day Moving Average – What’s Next?

Franchise Brands plc (LON:FRAN) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 128.99 and traded as high as GBX 153.65. Franchise Brands shares last traded at GBX 151, with a volume of 321,151 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Shore Capital Group restated a “buy” rating on shares of Franchise Brands in a research note on Friday, April 24th. Stifel Nicolaus lowered their target price on Franchise Brands from GBX 260 to GBX 210 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 185 price target on shares of Franchise Brands in a research note on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 197.50.

Franchise Brands Stock Performance

The company has a market cap of £289.44 million, a P/E ratio of 32.54 and a beta of 0.46. The firm has a 50 day moving average price of GBX 128.99 and a 200-day moving average price of GBX 131.61. The company has a debt-to-equity ratio of 36.34, a quick ratio of 1.57 and a current ratio of 1.15.

Franchise Brands (LON:FRAN) last posted its quarterly earnings data on Wednesday, March 25th. The company reported GBX 9 earnings per share for the quarter. Franchise Brands had a return on equity of 4.06% and a net margin of 6.32%. On average, research analysts predict that Franchise Brands plc will post 11.3266098 EPS for the current year.

Insider Activity at Franchise Brands

In related news, insider Stephen Hemsley bought 72,500 shares of the company’s stock in a transaction dated Wednesday, March 25th. The stock was acquired at an average cost of GBX 116 per share, with a total value of £84,100. Corporate insiders own 31.78% of the company’s stock.

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.