The Property Franchise Group (LON:TPFG) Trading Down 1.1% – Here’s Why

The Property Franchise Group PLC (LON:TPFG) shares dropped 1.1% on Thursday . The stock traded as low as GBX 443 ($5.73) and last traded at GBX 443.75 ($5.74). Approximately 151,837 shares were traded during trading, an increase of 52% from the average daily volume of 99,842 shares. The stock had previously closed at GBX 448.50 ($5.80).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 589 ($7.62) target price on shares of The Property Franchise Group in a report on Thursday, January 30th.

The Property Franchise Group Stock Down 0.1 %

The company has a market cap of £283.03 million, a price-to-earnings ratio of 18.38 and a beta of 0.42. The company’s 50-day moving average is GBX 421.12 and its 200 day moving average is GBX 430.35.

Insider Activity

In other news, insider Michelle Brook sold 8,788 shares of The Property Franchise Group stock in a transaction dated Monday, February 17th. The shares were sold at an average price of GBX 439 ($5.68), for a total value of £38,579.32 ($49,902.11). Also, insider Gareth Samples acquired 10,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of GBX 402 ($5.20) per share, for a total transaction of £40,200 ($51,998.45). Insiders have acquired 20,000 shares of company stock worth $8,000,000 in the last ninety days. Company insiders own 19.92% of the company’s stock.

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.