Franchise Brands (LON:FRAN) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Franchise Brands plc (LON:FRAN)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 144.99 and traded as high as GBX 153. Franchise Brands shares last traded at GBX 153, with a volume of 59,180 shares.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FRAN. Shore Capital Group reaffirmed a “buy” rating on shares of Franchise Brands in a research report on Friday, April 24th. Berenberg Bank restated a “buy” rating and issued a GBX 185 price objective on shares of Franchise Brands in a research note on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently 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 £293.12 million, a PE ratio of 27.22 and a beta of 0.49. The stock has a 50 day simple moving average of GBX 144.99 and a two-hundred day simple moving average of GBX 136.47. The company has a debt-to-equity ratio of 35.66, a current ratio of 1.18 and a quick ratio of 1.57.

Franchise Brands (LON:FRAN) last announced its earnings results on Wednesday, July 29th. The company reported GBX 4.81 EPS for the quarter. Franchise Brands had a net margin of 7.37% and a return on equity of 4.87%. Equities analysts predict that Franchise Brands plc will post 11.3266098 EPS for the current year.

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.