The Property Franchise Group (LON:TPFG) Stock Price Down 2.8% – What’s Next?

The Property Franchise Group PLC (LON:TPFG) was down 2.8% during trading on Thursday . The stock traded as low as GBX 478 and last traded at GBX 480.25. Approximately 138,680 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 216,971 shares. The stock had previously closed at GBX 494.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TPFG shares. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 637 price target on shares of The Property Franchise Group in a research report on Thursday, January 29th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 645 price objective on shares of The Property Franchise Group in a research note on Thursday, December 4th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, The Property Franchise Group has a consensus rating of “Buy” and a consensus target price of GBX 641.

The Property Franchise Group Price Performance

The company has a 50 day simple moving average of GBX 508.18 and a 200-day simple moving average of GBX 533.92. The stock has a market cap of £306.17 million, a P/E ratio of 19.13 and a beta of 0.42.

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. The Property Franchise Group is also a member of two leading mortgage networks through its mortgage brokers, Brook Financial (MAB) and The Mortgage Genie (Primis).

TPFG’s brands are: Belvoir, CJ Hole, Country Properties, Ellis & Co, EweMove, Fine & Country, Hunters, Lovelle, Martin & Co, Mr and Mrs Clarke, Mullucks, Newton Fallowell, Nicholas Humphreys, Northwood, Parkers, The Guild of Property Professionals and Whitegates.

Headquartered in Bournemouth, the Company was listed on AIM on the London Stock Exchange in 2013 and entered the AIM 100 in July 2024.