The Property Franchise Group (LON:TPFG) Shares Down 1.2% – Here’s Why

The Property Franchise Group PLC (LON:TPFG)’s stock price traded down 1.2% on Tuesday . The stock traded as low as GBX 435.50 ($5.53) and last traded at GBX 437.50 ($5.55). 71,189 shares traded hands during trading, a decline of 30% from the average session volume of 102,255 shares. The stock had previously closed at GBX 443 ($5.62).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 589 ($7.47) target price on shares of The Property Franchise Group in a report on Tuesday, September 10th.

The Property Franchise Group Stock Down 1.2 %

The company has a quick ratio of 1.20, a current ratio of 0.85 and a debt-to-equity ratio of 15.84. The stock has a market capitalization of £278.91 million, a price-to-earnings ratio of 2,302.63 and a beta of 0.42. The firm has a 50-day moving average of GBX 435.15 and a two-hundred day moving average of GBX 437.43.

The Property Franchise Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, October 4th. Stockholders of record on Thursday, September 19th were issued a dividend of GBX 6 ($0.08) per share. This represents a dividend yield of 1.27%. The ex-dividend date was Thursday, September 19th. The Property Franchise Group’s dividend payout ratio is currently 6,842.11%.

Insider Activity at The Property Franchise Group

In other The Property Franchise Group news, insider David Arthur Raggett sold 212,400 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of GBX 425 ($5.39), for a total transaction of £902,700 ($1,145,558.38). Also, insider Michelle Brook sold 150,000 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of GBX 415 ($5.27), for a total value of £622,500 ($789,974.62). In the last quarter, insiders sold 386,591 shares of company stock valued at $162,631,838. 19.92% of the stock is owned by corporate insiders.

About The Property Franchise Group

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