Franchise Brands (LON:FRAN) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Franchise Brands (LON:FRAN) in a report issued on Thursday morning, Marketbeat.com reports. They currently have a GBX 185 price objective on the stock.

Franchise Brands Stock Performance

Shares of FRAN opened at GBX 138.50 on Thursday. The stock has a market capitalization of £266.52 million, a PE ratio of 34.45 and a beta of 0.82. The business’s fifty day moving average price is GBX 137.22 and its 200 day moving average price is GBX 133.57. The company has a debt-to-equity ratio of 42.67, a current ratio of 1.39 and a quick ratio of 1.57. Franchise Brands has a 12-month low of GBX 106 and a 12-month high of GBX 160.

Franchise Brands Company Profile

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.