Berenberg Bank Reiterates Buy Rating for The Property Franchise Group (LON:TPFG)

Key Points

• Berenberg Bank has reiterated its "Buy" rating for The Property Franchise Group (LON:TPFG) with a target price of GBX 620, suggesting a potential upside of 10.12% from the stock's previous close.
• Canaccord Genuity Group has raised its target price for the company from GBX 595 to GBX 637, maintaining a "buy" rating, alongside a consensus buy rating from three research analysts.
• The Property Franchise Group operates as the UK's largest multi-brand property franchisor with over 1,946 outlets and has achieved a market capitalization of approximately £358.92 million.

The Property Franchise Group (LON:TPFG - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Berenberg Bank in a research note issued on Tuesday, Marketbeat reports. They currently have a GBX 620 target price on the stock. Berenberg Bank's target price indicates a potential upside of 10.19% from the company's current price.

Separately, Canaccord Genuity Group lifted their price target on The Property Franchise Group from GBX 595 to GBX 637 and gave the stock a "buy" rating in a report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of GBX 615.33.

The Property Franchise Group Trading Up 0.5%

TPFG stock traded up GBX 2.64 during midday trading on Tuesday, reaching GBX 562.64. The stock had a trading volume of 187,722 shares, compared to its average volume of 154,608. The Property Franchise Group has a 52-week low of GBX 392 and a 52-week high of GBX 570. The company's fifty day simple moving average is GBX 550.64 and its 200 day simple moving average is GBX 492.07. The company has a market cap of £358.69 million, a price-to-earnings ratio of 3,196.82 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.