Franchise Brands’ (FRAN) “Buy” Rating Reaffirmed at Berenberg Bank

Franchise Brands (LON:FRAN)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a note issued to investors on Thursday, Marketbeat.com reports. They currently have a GBX 185 price target on the stock. Berenberg Bank’s price target suggests a potential upside of 40.15% from the company’s current price.

Franchise Brands Stock Performance

Shares of LON FRAN traded down GBX 2.50 during midday trading on Thursday, reaching GBX 132. 56,827 shares of the company were exchanged, compared to its average volume of 260,936. The stock has a market cap of £254.01 million, a P/E ratio of 32.84 and a beta of 0.82. Franchise Brands has a 1 year low of GBX 106 and a 1 year high of GBX 160. The stock has a fifty day simple moving average of GBX 137.15 and a 200 day simple moving average of GBX 133.58. The company has a current ratio of 1.39, a quick ratio of 1.57 and a debt-to-equity ratio of 42.67.

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.