FRP Advisory Group (LON:FRP) Given “Buy” Rating at Berenberg Bank

FRP Advisory Group (LON:FRP)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a research report issued to clients and investors on Tuesday,Digital Look reports. They presently have a GBX 220 ($2.79) target price on the stock. Berenberg Bank’s target price points to a potential upside of 47.16% from the stock’s previous close.

FRP Advisory Group Price Performance

Shares of FRP Advisory Group stock opened at GBX 149.50 ($1.90) on Tuesday. FRP Advisory Group has a 52-week low of GBX 109 ($1.38) and a 52-week high of GBX 160.99 ($2.04). The stock has a market capitalization of £366.45 million, a price-to-earnings ratio of 1,661.11 and a beta of 0.48. The company has a fifty day moving average of GBX 143.42 and a 200-day moving average of GBX 138.57. The company has a debt-to-equity ratio of 14.51, a quick ratio of 2.12 and a current ratio of 2.68.

Insider Buying and Selling at FRP Advisory Group

In other FRP Advisory Group news, insider David Chubb sold 35,000 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of GBX 140 ($1.78), for a total transaction of £49,000 ($62,166.96). 10.82% of the stock is currently owned by corporate insiders.

About FRP Advisory Group

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.