Berenberg Bank Reiterates Buy Rating for The Property Franchise Group (LON:TPFG)

The Property Franchise Group (LON:TPFG)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a report issued on Tuesday, MarketBeat Ratings reports. They currently have a GBX 620 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 10.71% from the company’s previous close.

Separately, Canaccord Genuity Group boosted their price objective 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. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 615.33.

The Property Franchise Group Stock Performance

TPFG opened at GBX 560 on Tuesday. The stock has a market cap of £357.01 million, a PE ratio of 3,181.82 and a beta of 0.42. The Property Franchise Group has a 1 year low of GBX 392 and a 1 year high of GBX 570. The stock’s 50 day simple moving average is GBX 550.13 and its 200-day simple moving average is GBX 489.98.

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.