FRP Advisory Group (LON:FRP) Stock Price Down 9.1% - Time to Sell?

Key Points

• FRP Advisory Group plc shares fell by 9.1%, trading at GBX 130.50 ($1.76), amidst a significant increase in trading volume.
• Berenberg Bank maintained a "buy" rating with a target price of GBX 220, suggesting analysts remain optimistic about the stock's potential growth.
• Insider Gavin Jones sold 44,080 shares at an average price of GBX 137, indicating movement in insider ownership which stands at 4.24% of total shares.

Shares of FRP Advisory Group plc (LON:FRP - Get Free Report) dropped 9.1% during mid-day trading on Wednesday . The company traded as low as GBX 130.50 ($1.76) and last traded at GBX 130.50 ($1.76). Approximately 1,360,475 shares were traded during trading, an increase of 107% from the average daily volume of 656,781 shares. The stock had previously closed at GBX 143.50 ($1.93).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a "buy" rating and set a GBX 220 target price on shares of FRP Advisory Group in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of GBX 220.

FRP Advisory Group Trading Down 9.1%

The company has a debt-to-equity ratio of 14.51, a current ratio of 2.68 and a quick ratio of 2.12. The company has a market cap of £336.47 million, a PE ratio of 1,461.37 and a beta of 0.48. The firm's 50 day moving average is GBX 134.65 and its 200 day moving average is GBX 130.39.

FRP Advisory Group (LON:FRP - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported GBX 11.06 earnings per share for the quarter. FRP Advisory Group had a return on equity of 30.26% and a net margin of 17.16%. On average, equities analysts anticipate that FRP Advisory Group plc will post 10.5042017 earnings per share for the current year.

Insider Activity at FRP Advisory Group

In other news, insider Gavin Jones sold 44,080 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of GBX 137, for a total transaction of £60,389.60. 4.24% of the stock is owned by insiders.

About FRP Advisory Group

FRP provide solutions to create, preserve and recover value across a range of complex situations. Specialising in forensics, corporate finance, debt, restructuring and financial advisory, we deliver strategic solutions across a broad range of situations. Our five pillar services complement each other.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.