Canaccord Genuity Group Reaffirms “Buy” Rating for The Property Franchise Group (LON:TPFG)

The Property Franchise Group (LON:TPFG)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity Group in a research report issued to clients and investors on Tuesday, Digital Look reports. They currently have a GBX 589 ($7.70) price objective on the stock. Canaccord Genuity Group’s target price points to a potential upside of 24.65% from the company’s current price.

Separately, Berenberg Bank raised their price target on The Property Franchise Group from GBX 521 ($6.81) to GBX 589 ($7.70) and gave the stock a “buy” rating in a research note on Monday, June 3rd.

The Property Franchise Group Stock Performance

The Property Franchise Group stock traded up GBX 1.42 ($0.02) during midday trading on Tuesday, reaching GBX 472.52 ($6.18). 86,211 shares of the company traded hands, compared to its average volume of 91,203. The Property Franchise Group has a 12 month low of GBX 270.20 ($3.53) and a 12 month high of GBX 490 ($6.41). The company has a debt-to-equity ratio of 11.13, a current ratio of 1.11 and a quick ratio of 1.20. The business has a 50 day moving average of GBX 457.92 and a two-hundred day moving average of GBX 407.60. The firm has a market capitalization of £301.23 million, a price-to-earnings ratio of 2,147.82 and a beta of 0.42.

About The Property Franchise Group

The Property Franchise Group PLC manages and leases residential real estate properties in the United Kingdom. The company operates through two segments: Property Franchising and Financial Services. It provides residential letting, estate agency, sales and property management services; and financial services, as well as operates as property franchisor.