The Property Franchise Group (LON:TPFG) Given New GBX 645 Price Target at Berenberg Bank

Key Points

• Berenberg Bank has raised its price target for The Property Franchise Group from GBX 620 to GBX 645, indicating a potential upside of 9.69% from the current price and maintaining a "buy" rating.
• Canaccord Genuity Group also increased their target price from GBX 595 to GBX 637, corroborating the positive sentiment with a "buy" rating.
• The Property Franchise Group reported an EPS of GBX 18.30 for the last quarter, with a net margin of 18.96% and an expected annual EPS of approximately 34.58.

The Property Franchise Group (LON:TPFG - Get Free Report) had its price target increased by equities researchers at Berenberg Bank from GBX 620 to GBX 645 in a report issued on Monday, MarketBeat.com reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's price target would suggest a potential upside of 9.69% from the company's previous close.

Separately, Canaccord Genuity Group boosted their price objective on shares of The Property Franchise Group from GBX 595 to GBX 637 and gave the stock a "buy" rating in a research report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, The Property Franchise Group has an average rating of "Buy" and an average price target of GBX 641.

The Property Franchise Group Stock Performance

TPFG traded up GBX 2 during trading on Monday, hitting GBX 588. The stock had a trading volume of 66,401 shares, compared to its average volume of 152,137. The firm has a market capitalization of £374.86 million, a P/E ratio of 3,340.91 and a beta of 0.42. The company's 50-day moving average price is GBX 555.57 and its 200 day moving average price is GBX 500.40. The Property Franchise Group has a twelve month low of GBX 392 and a twelve month high of GBX 588.

The Property Franchise Group (LON:TPFG - Get Free Report) last announced its quarterly earnings data on Wednesday, September 10th. The company reported GBX 18.30 earnings per share (EPS) for the quarter. The Property Franchise Group had a net margin of 18.96% and a return on equity of 8.40%. As a group, equities analysts expect that The Property Franchise Group will post 34.5809601 earnings per share for the current fiscal year.

About The Property Franchise Group

The Property Franchise Group PLC AIM: TPFG is the UK's largest multi-brand property franchisor, with a network of over 1,946 outlets delivering high quality services to residential clients, combined with an established Financial Services business. The Company was founded in 1986 and has since strategically grown to a diverse portfolio of 18 brands operating throughout the UK, comprising longstanding high-street focused brands and two hybrid brands.