FRP Advisory Group (LON:FRP) Trading 10.5% Higher - Still a Buy?

Key Points

• FRP Advisory Group's stock rose by 10.5% to GBX 144.22 ($1.94), although trading volume decreased by 42% from the average daily volume.
• Berenberg Bank reiterated a "buy" rating with a target price of GBX 220, while the consensus rating for the stock is also a "buy".
• Insider Gavin Jones sold 44,080 shares of FRP stock for approximately £60,389.60, indicating potential insider selling activity.

FRP Advisory Group plc (LON:FRP - Get Free Report)'s stock price rose 10.5% on Friday . The stock traded as high as GBX 144.22 ($1.94) and last traded at GBX 144.22 ($1.94). Approximately 377,579 shares changed hands during trading, a decline of 42% from the average daily volume of 655,319 shares. The stock had previously closed at GBX 130.50 ($1.75).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a "buy" rating and set a GBX 220 target price on shares of FRP Advisory Group in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of GBX 220.

FRP Advisory Group Trading Up 0.7%

The business's fifty day moving average is GBX 134.99 and its 200-day moving average is GBX 130.42. The stock has a market capitalization of £373.94 million, a PE ratio of 1,624.08 and a beta of 0.48. The company has a quick ratio of 2.12, a current ratio of 2.68 and a debt-to-equity ratio of 14.51.

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

Insiders Place Their Bets

In other FRP Advisory Group news, insider Gavin Jones sold 44,080 shares of FRP Advisory Group stock in a transaction that occurred 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 currently owned by company insiders.

FRP Advisory Group Company Profile

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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