Canaccord Genuity Group Forecasts Strong Price Appreciation for The Property Franchise Group (LON:TPFG) Stock

Key Points

• Canaccord Genuity Group has raised its price target for The Property Franchise Group from GBX 595 ($7.90) to GBX 637 ($8.46), indicating a potential upside of 17.37% from the current price.
• Berenberg Bank also increased its target price for the stock from GBX 593 ($7.87) to GBX 620 ($8.23), maintaining a "buy" rating.
• The Property Franchise Group is the UK's largest multi-brand property franchisor, boasting a network of over 1,946 outlets and a market capitalization of £345.20 million.

The Property Franchise Group (LON:TPFG - Get Free Report) had its price objective lifted by investment analysts at Canaccord Genuity Group from GBX 595 ($7.90) to GBX 637 ($8.46) in a report released on Monday, MarketBeat reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price target would suggest a potential upside of 17.37% from the stock's current price.

Separately, Berenberg Bank upped their target price on The Property Franchise Group from GBX 593 ($7.87) to GBX 620 ($8.23) and gave the stock a "buy" rating in a research report on Monday.

The Property Franchise Group Stock Performance

The Property Franchise Group stock opened at GBX 542.75 ($7.21) on Monday. The stock has a market capitalization of £345.20 million, a price-to-earnings ratio of 22.42 and a beta of 0.42. 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 stock's 50 day moving average price is GBX 531.45 and its two-hundred day moving average price is GBX 466.67.

The Property Franchise Group Company Profile

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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