FRP Advisory Group (LON:FRP) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

FRP Advisory Group plc (LON:FRP)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 121.68 and traded as low as GBX 110.47. FRP Advisory Group shares last traded at GBX 113, with a volume of 882,600 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 220 target price on shares of FRP Advisory Group in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 220.

FRP Advisory Group Stock Performance

The firm has a 50 day moving average of GBX 121.68 and a 200-day moving average of GBX 133.75. The company has a market cap of £282.22 million, a P/E ratio of 12.50 and a beta of 0.19. The company has a quick ratio of 2.12, a current ratio of 14.59 and a debt-to-equity ratio of 19.26.

FRP Advisory Group Company Profile

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.