Berenberg Bank Reaffirms "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 researchers at Berenberg Bank in a research note issued on Tuesday, MarketBeat.com reports. They currently have a GBX 620 price objective on the stock. Berenberg Bank's price target indicates a potential upside of 10.71% from the stock's current price.

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

The Property Franchise Group Trading Down 0.5%

Shares of The Property Franchise Group stock traded down GBX 2.64 during trading hours on Tuesday, reaching GBX 560. 21,819 shares of the company's stock were exchanged, compared to its average volume of 153,840. The company has a 50 day moving average of GBX 550.64 and a two-hundred day moving average of GBX 492.46. The Property Franchise Group has a fifty-two week low of GBX 392 and a fifty-two week high of GBX 570. The stock has a market cap of £357.01 million, a P/E ratio of 3,181.82 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.