FRP Advisory Group (LON:FRP) Receives Buy Rating from Berenberg Bank

Key Points

• Berenberg Bank has reaffirmed its "buy" rating for FRP Advisory Group with a price target of GBX 220, indicating a potential upside of 61.41% from the current stock price.
• FRP Advisory Group's stock is currently trading at GBX 136.30, with a recent 52-week high of GBX 160.99 and a low of GBX 113.50.
• Company insider Gavin Jones sold 44,080 shares at an average price of GBX 137, indicating activity from company insiders who own 4.24% of the shares.

Berenberg Bank restated their buy rating on shares of FRP Advisory Group (LON:FRP - Free Report) in a research note published on Tuesday morning, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 220 price target on the stock.

FRP Advisory Group Stock Performance

Shares of LON FRP remained flat at GBX 137 during trading hours on Tuesday. The company had a trading volume of 1,183,293 shares, compared to its average volume of 625,126. The stock has a market capitalization of £353.23 million, a price-to-earnings ratio of 1,534.15 and a beta of 0.48. The company has a debt-to-equity ratio of 14.51, a quick ratio of 2.12 and a current ratio of 2.68. FRP Advisory Group has a 1 year low of GBX 113.50 and a 1 year high of GBX 160.99. The business's fifty day simple moving average is GBX 128.38 and its 200-day simple moving average is GBX 130.22.

FRP Advisory Group (LON:FRP - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported GBX 11.06 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%. On average, equities analysts predict that FRP Advisory Group will post 10.5042017 EPS for the current year.

Insider Activity

In related news, insider Gavin Jones sold 44,080 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was 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 corporate 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.