Berenberg Bank Reaffirms Buy Rating for FRP Advisory Group (LON:FRP)

Posted by Lisa Durand on Dec 20th, 2024

Berenberg Bank restated their buy rating on shares of FRP Advisory Group (LON:FRP – Free Report) in a report issued on Tuesday, Marketbeat reports. Berenberg Bank currently has a GBX 220 ($2.75) price objective on the stock.

FRP Advisory Group Trading Up 0.7 %

LON FRP opened at GBX 149 ($1.86) on Tuesday. The company has a current ratio of 2.68, a quick ratio of 2.12 and a debt-to-equity ratio of 14.51. FRP Advisory Group has a 12 month low of GBX 109 ($1.36) and a 12 month high of GBX 160.99 ($2.01). The company has a market capitalization of £365.23 million, a PE ratio of 1,655.56 and a beta of 0.48. The stock has a 50-day simple moving average of GBX 144.38 and a 200 day simple moving average of GBX 139.04.

FRP Advisory Group Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, February 20th will be paid a dividend of GBX 0.95 ($0.01) per share. This represents a yield of 0.61%. The ex-dividend date of this dividend is Thursday, February 20th. FRP Advisory Group’s payout ratio is 5,555.56%.

Insider Activity at FRP Advisory Group

In related news, insider David Chubb sold 35,000 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of GBX 140 ($1.75), for a total transaction of £49,000 ($61,242.34). Corporate insiders own 10.82% of the company’s stock.

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.