Franchise Brands plc (LON:FRAN – Get Free Report) shares fell 2.1% during mid-day trading on Wednesday . The company traded as low as GBX 137.50 and last traded at GBX 138. 59,847 shares were traded during mid-day trading, a decline of 80% from the average session volume of 295,718 shares. The stock had previously closed at GBX 141.
Analysts Set New Price Targets
Several equities analysts have recently commented on FRAN shares. Shore Capital Group reiterated a “buy” rating on shares of Franchise Brands in a research report on Friday, April 24th. Stifel Nicolaus cut their target price on Franchise Brands from GBX 260 to GBX 210 and set a “buy” rating for the company in a research note on Thursday, March 26th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 185 target price on shares of Franchise Brands in a research note on Tuesday, May 26th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 197.50.
Check Out Our Latest Analysis on Franchise Brands
Franchise Brands Stock Performance
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.
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