FRP Advisory Group’s (FRP) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of FRP Advisory Group (LON:FRPFree Report) in a report published on Wednesday, reports. The firm currently has a GBX 175 ($2.19) target price on the stock.

FRP Advisory Group Stock Performance

LON:FRP opened at GBX 114 ($1.43) on Wednesday. The company has a debt-to-equity ratio of 29.44, a current ratio of 2.65 and a quick ratio of 2.12. The firm has a 50-day moving average of GBX 118.36 and a two-hundred day moving average of GBX 116.02. The stock has a market cap of £284.32 million, a P/E ratio of 1,900.00 and a beta of 0.36. FRP Advisory Group has a 1-year low of GBX 103 ($1.29) and a 1-year high of GBX 173 ($2.16).

FRP Advisory Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 27th. Shareholders of record on Thursday, September 28th will be given a GBX 2.05 ($0.03) dividend. This is a boost from FRP Advisory Group’s previous dividend of $0.85. This represents a yield of 1.69%. The ex-dividend date is Thursday, September 28th. FRP Advisory Group’s dividend payout ratio is presently 8,333.33%.

Insider Buying and Selling at FRP Advisory Group

In other FRP Advisory Group news, insider Gavin Jones sold 68,882 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of GBX 118 ($1.48), for a total value of £81,280.76 ($101,715.38). 15.12% of the stock is currently owned by corporate insiders.

About FRP Advisory Group

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FRP Advisory Group plc, together with its subsidiaries, provides business advisory services to companies, lenders, investors, individuals, and other stakeholders. The company's services include corporate finance advisory services comprising mergers and acquisitions (M&A), strategic advisory and valuations, capital raising, special situations M&A, partial exits, and financial due diligence; and debt advisory services, such as asset based lending, raising and refinancing debt, debt amendments and extensions, restructuring debt, and corporate and leveraged debt advisory.

Further Reading

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