FRP Advisory Group’s (FRP) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of FRP Advisory Group (LON:FRP) in a research note released on Tuesday, Marketbeat Ratings reports. The firm currently has a GBX 220 ($2.75) price objective on the stock.

FRP Advisory Group Trading Up 0.7 %

FRP opened at GBX 149 ($1.86) on Tuesday. FRP Advisory Group has a 1-year low of GBX 109 ($1.36) and a 1-year high of GBX 160.99 ($2.01). The firm has a 50-day moving average price of GBX 144.38 and a two-hundred day moving average price of GBX 139.04. The stock has a market capitalization of £365.23 million, a PE ratio of 1,655.56 and a beta of 0.48. The company has a current ratio of 2.68, a quick ratio of 2.12 and a debt-to-equity ratio of 14.51.

FRP Advisory Group Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, February 20th will be issued a dividend of GBX 0.95 ($0.01) per share. This represents a yield of 0.61%. The ex-dividend date of this dividend is Thursday, February 20th. FRP Advisory Group’s dividend payout ratio is 5,555.56%.

Insider Buying and Selling at FRP Advisory Group

In other FRP Advisory Group news, insider David Chubb sold 35,000 shares of the business’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of GBX 140 ($1.75), for a total transaction of £49,000 ($61,242.34). Corporate insiders own 10.82% of the company’s stock.

About FRP Advisory Group

FRP Advisory Group plc, together with its subsidiaries, provides business advisory services to companies, lenders, investors, individuals, and other stakeholders. The company’s services include corporate finance advisory services comprising mergers and acquisitions (M&A), strategic advisory and valuations, capital raising, special situations M&A, partial exits, and financial due diligence; and debt advisory services, such as asset based lending, raising and refinancing debt, debt amendments and extensions, restructuring debt, and corporate and leveraged debt advisory.