The Property Franchise Group (LON:TPFG) Price Target Lowered to GBX 449 at Canaccord Genuity Group

The Property Franchise Group (LON:TPFG) had its price target reduced by Canaccord Genuity Group from GBX 470 ($5.88) to GBX 449 ($5.62) in a research note released on Tuesday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Separately, Canaccord Genuity Group reiterated a buy rating and issued a GBX 470 ($5.88) price objective on shares of The Property Franchise Group in a research report on Tuesday, June 6th.

The Property Franchise Group Price Performance

The Property Franchise Group stock opened at GBX 290 ($3.63) on Tuesday. The firm has a market capitalization of £93.55 million, a P/E ratio of 1,359.55 and a beta of 0.55. The Property Franchise Group has a 1 year low of GBX 207 ($2.59) and a 1 year high of GBX 341.76 ($4.28). The business has a 50-day moving average of GBX 268.82 and a 200-day moving average of GBX 283.48. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 19.80.

The Property Franchise Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 6th. Shareholders of record on Thursday, September 21st will be paid a GBX 4.60 ($0.06) dividend. This represents a yield of 1.64%. The ex-dividend date is Thursday, September 21st. The Property Franchise Group’s payout ratio is 5,909.09%.

About The Property Franchise Group

The Property Franchise Group PLC manages residential real estate properties in the United Kingdom. It operates through two segments, Property Franchising and Financial Services. The company provides residential letting, estate agency, sales, and property management services to tenants and landlords; and financial services, as well as operates as property franchisor.