Canaccord Genuity Group Boosts The Property Franchise Group (LON:TPFG) Price Target to GBX 595

The Property Franchise Group (LON:TPFG) had its target price increased by Canaccord Genuity Group from GBX 589 ($7.65) to GBX 595 ($7.72) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

The Property Franchise Group Trading Down 1.3 %

TPFG opened at GBX 406 ($5.27) on Tuesday. The stock has a fifty day simple moving average of GBX 428.36 and a two-hundred day simple moving average of GBX 422.57. The company has a market cap of £258.22 million, a price-to-earnings ratio of 16.77 and a beta of 0.42. The Property Franchise Group has a 12-month low of GBX 336.55 ($4.37) and a 12-month high of GBX 490 ($6.36).

The Property Franchise Group (LON:TPFG) last posted its quarterly earnings data on Tuesday, April 8th. The company reported GBX 31.70 ($0.41) earnings per share for the quarter. The Property Franchise Group had a return on equity of 8.40% and a net margin of 18.96%. On average, analysts predict that The Property Franchise Group will post 34.5809601 EPS for the current year.

The Property Franchise Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 21st. Shareholders of record on Thursday, April 17th will be issued a GBX 12 ($0.16) dividend. This is a positive change from The Property Franchise Group’s previous dividend of $6.00. The ex-dividend date is Thursday, April 17th. This represents a dividend yield of 2.93%. The Property Franchise Group’s dividend payout ratio (DPR) is presently 53.71%.

Insider Buying and Selling at The Property Franchise Group

In related news, insider Michelle Brook sold 8,788 shares of the company’s stock in a transaction on Monday, February 17th. The stock was sold at an average price of GBX 439 ($5.70), for a total transaction of £38,579.32 ($50,077.00). Company insiders own 19.92% of the company’s stock.

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.