Franchise Brands (LON:FRAN) Trading Up 0.8% - Time to Buy?

Key Points

• Shares traded up 0.8% mid-day to GBX 129 (high GBX 130) on ~285,972 shares, about 5% above average volume (previous close GBX 128).
• Berenberg reissued a Buy rating with a GBX 185 price target, and the consensus rating is Buy with an average target of GBX 185 — implying roughly 43% upside from the current price.
• Franchise Brands is a multi-brand B2B van-based franchisor (Pirtek, Filta, Metro Rod, Metro Plumb) with 600+ franchisees across 10 countries; market cap ~£248m, P/E ~32.1, current ratio 1.25 and debt-to-equity 35.8.

Franchise Brands plc (LON:FRAN - Get Free Report)'s share price was up 0.8% during mid-day trading on Thursday . The stock traded as high as GBX 130 and last traded at GBX 129. Approximately 285,972 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 271,894 shares. The stock had previously closed at GBX 128.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 185 price target on shares of Franchise Brands in a research report on Thursday, January 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Franchise Brands presently has a consensus rating of "Buy" and an average price target of GBX 185.

Franchise Brands Stock Up 0.8%

The company's 50 day simple moving average is GBX 132.80 and its 200-day simple moving average is GBX 132.03. The company has a current ratio of 1.25, a quick ratio of 1.57 and a debt-to-equity ratio of 35.78. The firm has a market cap of £248.24 million, a P/E ratio of 32.09 and a beta of 0.42.

Franchise Brands Company Profile

Franchise Brands is an international, multi-brand franchisor focused on B2B van-based service with seven franchise brands and a presence in 10 countries across the UK, North America and Europe. The Group is focused on building market-leading businesses primarily via a franchise model and has a combined network of over 600 franchisees. The Company owns several market-leading brands with long trading histories, including Pirtek in Europe, Filta, Metro Rod and Metro Plumb, all of which benefit from the Group's central support services, particularly technology, marketing, and finance.

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