FRP Advisory Group (LON:FRP) Earns “Buy” Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of FRP Advisory Group (LON:FRP) in a report issued on Tuesday morning, Marketbeat reports. They currently have a GBX 220 ($2.80) price objective on the stock.

FRP Advisory Group Stock Down 3.2 %

LON FRP opened at GBX 149.50 ($1.90) on Tuesday. FRP Advisory Group has a 52 week low of GBX 109 ($1.39) and a 52 week high of GBX 160.99 ($2.05). The company has a quick ratio of 2.12, a current ratio of 2.68 and a debt-to-equity ratio of 14.51. The business’s fifty day simple moving average is GBX 143.81 and its 200-day simple moving average is GBX 138.69. The firm has a market cap of £366.45 million, a PE ratio of 1,645.06 and a beta of 0.48.

FRP Advisory Group Announces Dividend

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

Insider Transactions at FRP Advisory Group

In related news, insider David Chubb sold 35,000 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of GBX 140 ($1.78), for a total value of £49,000 ($62,293.41). Insiders own 10.82% of the company’s stock.

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.