The Property Franchise Group (LON:TPFG) Stock Price Up 0.1% - Time to Buy?

Shares of The Property Franchise Group PLC (LON:TPFG - Get Free Report) rose 0.1% during mid-day trading on Thursday . The company traded as high as GBX 554 ($7.56) and last traded at GBX 552.70 ($7.54). Approximately 55,194 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 162,115 shares. The stock had previously closed at GBX 552 ($7.53).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lifted their price objective on The Property Franchise Group from GBX 589 ($8.04) to GBX 595 ($8.12) and gave the stock a "buy" rating in a research report on Tuesday, April 8th.

The Property Franchise Group Stock Performance

The firm's 50-day moving average price is GBX 499.64 and its two-hundred day moving average price is GBX 446.56. The stock has a market cap of £351.53 million, a price-to-earnings ratio of 22.83 and a beta of 0.42.

The Property Franchise Group (LON:TPFG - Get Free Report) last posted its earnings results on Tuesday, April 8th. The company reported GBX 31.70 ($0.43) earnings per share 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, sell-side analysts expect that The Property Franchise Group PLC will post 34.5809601 earnings per share for the current fiscal year.

The Property Franchise Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, April 21st. Investors of record on Thursday, April 17th were given a GBX 12 ($0.16) dividend. This represents a yield of 2.93%. This is a positive change from The Property Franchise Group's previous dividend of $6.00. The ex-dividend date was Thursday, April 17th. The Property Franchise Group's dividend payout ratio is presently 53.71%.

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.