Berenberg Bank Reiterates “Buy” Rating for Franchise Brands (LON:FRAN)

Franchise Brands (LON:FRAN)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a report released on Thursday, MarketBeat Ratings reports. They presently have a GBX 185 price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 46.25% from the company’s previous close.

Franchise Brands Stock Down 4.2%

Shares of LON:FRAN opened at GBX 126.50 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.57 and a debt-to-equity ratio of 42.67. The stock has a market capitalization of £243.43 million, a price-to-earnings ratio of 31.47 and a beta of 0.82. Franchise Brands has a 12-month low of GBX 106 and a 12-month high of GBX 160. The stock has a fifty day simple moving average of GBX 137.21 and a two-hundred day simple moving average of GBX 133.37.

About Franchise Brands

Franchise Brands is an international, multi-brand franchisor focused on B2B van-based service with seven franchise brands and a presence in 10 countries across the UK, North America and Europe. The Group is focused on building market-leading businesses primarily via a franchise model and has a combined network of over 600 franchisees.

The Company owns several market-leading brands with long trading histories, including Pirtek in Europe, Filta, Metro Rod and Metro Plumb, all of which benefit from the Group’s central support services, particularly technology, marketing, and finance.