FRP Advisory Group (LON:FRP) Stock Price Up 1.5% - Still a Buy?

Key Points

• FRP Advisory Group's share price increased by 1.5% to GBX 126.84 ($1.72) during trading, despite a 36% decline in average daily trading volume.
• Berenberg Bank has reaffirmed a "buy" rating for FRP Advisory Group with a price target of GBX 220 ($2.99).
• The company reported a return on equity of 30.26% and a net margin of 17.16%, indicating strong financial performance.

FRP Advisory Group plc (LON:FRP - Get Free Report)'s share price rose 1.5% during trading on Wednesday . The company traded as high as GBX 127 ($1.72) and last traded at GBX 126.84 ($1.72). Approximately 380,260 shares were traded during trading, a decline of 36% from the average daily volume of 591,175 shares. The stock had previously closed at GBX 125 ($1.70).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 220 ($2.99) price target on shares of FRP Advisory Group in a research note on Wednesday, July 23rd.

FRP Advisory Group Price Performance

The company has a current ratio of 2.68, a quick ratio of 2.12 and a debt-to-equity ratio of 14.51. The firm has a market cap of £314.84 million, a P/E ratio of 13.68 and a beta of 0.48. The firm has a 50-day simple moving average of GBX 124.94 and a 200-day simple moving average of GBX 130.38.

FRP Advisory Group (LON:FRP - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported GBX 11.06 ($0.15) earnings per share (EPS) for the quarter. FRP Advisory Group had a return on equity of 30.26% and a net margin of 17.16%. As a group, analysts forecast that FRP Advisory Group plc will post 10.5042017 EPS for the current year.

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.

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