Berenberg Bank Raises The Property Franchise Group (LON:TPFG) Price Target to GBX 620

Key Points

• Berenberg Bank has increased the price target for The Property Franchise Group from GBX 593 to GBX 620, indicating a potential upside of 14.23% from its current price.
• Canaccord Genuity Group also raised their price target for the stock to GBX 595, maintaining a "buy" rating.
• The Property Franchise Group's stock has shown a 0.5% increase and has a market cap of £345.20 million.

The Property Franchise Group (LON:TPFG - Get Free Report) had its price target increased by Berenberg Bank from GBX 593 ($7.87) to GBX 620 ($8.23) in a research note issued to investors on Monday, MarketBeat.com reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's price objective points to a potential upside of 14.23% from the company's current price.

Separately, Canaccord Genuity Group boosted their price target on shares of The Property Franchise Group from GBX 589 ($7.82) to GBX 595 ($7.90) and gave the stock a "buy" rating in a research note on Tuesday, April 8th.

The Property Franchise Group Stock Up 0.5%

Shares of The Property Franchise Group stock opened at GBX 542.75 ($7.21) on Monday. The Property Franchise Group has a 52-week low of GBX 392 ($5.21) and a 52-week high of GBX 562 ($7.46). The company's 50-day simple moving average is GBX 531.45 and its 200-day simple moving average is GBX 466.67. The firm has a market cap of £345.20 million, a price-to-earnings ratio of 22.42 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.

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