The Property Franchise Group (LON:TPFG) Shares Down 0.7% - Here's Why

Key Points

• The Property Franchise Group (LON:TPFG) saw a decline of 0.7% in trading, with shares priced at GBX 560 ($7.53) on Monday.
• Analysts have increased their price targets, with Canaccord Genuity raising it from GBX 595 to GBX 637 and Berenberg Bank from GBX 593 to GBX 620, both maintaining a "buy" rating.
• The company holds a market cap of £356.17 million and has an average target share price of GBX 615.33, indicating a generally favorable outlook from equities research analysts.

The Property Franchise Group PLC (LON:TPFG - Get Free Report) shares traded down 0.7% during mid-day trading on Monday . The stock traded as low as GBX 560 ($7.56) and last traded at GBX 560 ($7.56). 24,719 shares traded hands during trading, a decline of 84% from the average session volume of 152,708 shares. The stock had previously closed at GBX 564 ($7.62).

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TPFG shares. Canaccord Genuity Group increased their target price on The Property Franchise Group from GBX 595 to GBX 637 and gave the company a "buy" rating in a research report on Monday, August 4th. Berenberg Bank increased their price objective on shares of The Property Franchise Group from GBX 593 to GBX 620 and gave the company a "buy" rating in a research report on Monday, August 4th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, The Property Franchise Group has a consensus rating of "Buy" and a consensus target price of GBX 615.33.

The Property Franchise Group Price Performance

The stock has a market capitalization of £357.01 million, a P/E ratio of 3,181.82 and a beta of 0.42. The stock's fifty day moving average price is GBX 549.57 and its 200 day moving average price is GBX 487.20.

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.