FRP Advisory Group (LON:FRP) Share Price Crosses Below 50-Day Moving Average – What’s Next?

FRP Advisory Group plc (LON:FRP)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 136.92 and traded as low as GBX 133. FRP Advisory Group shares last traded at GBX 133.99, with a volume of 870,653 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 220 price target on shares of FRP Advisory Group in a report on Thursday, December 18th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, FRP Advisory Group has a consensus rating of “Buy” and a consensus price target of GBX 220.

FRP Advisory Group Stock Performance

The company has a quick ratio of 2.12, a current ratio of 2.68 and a debt-to-equity ratio of 14.51. The company’s 50-day moving average is GBX 136.92 and its two-hundred day moving average is GBX 136.91. The company has a market capitalization of £334.64 million, a P/E ratio of 14.82 and a beta of 0.48.

FRP Advisory Group (LON:FRP) last announced its earnings results on Thursday, December 18th. The company reported GBX 6.35 earnings per share for the quarter. FRP Advisory Group had a net margin of 17.16% and a return on equity of 30.26%. Equities analysts anticipate that FRP Advisory Group plc will post 10.5042017 earnings per share for the current fiscal year.

About FRP Advisory Group

FRP provide solutions to create, preserve and recover value across a range of complex situations.

Specialising in forensics, corporate finance, debt, restructuring and financial advisory, we deliver strategic solutions across a broad range of situations. Our five pillar services complement each other. We draw on experts within each of our service areas to put the best people in place for each circumstance.

Working across the board, from multinational organisations to small enterprises, we develop effective strategies for all kinds of businesses.