Barrington Believes Franchise Group (FRG) Still Has Room to Grow
In a report released today, Alexander Paris from Barrington initiated coverage with a Buy rating on Franchise Group (FRG) and a price target of $33.00. The company’s shares closed last Tuesday at $24.50, close to its 52-week high of $27.49.
According to TipRanks.com, Paris is a 2-star analyst with an average return of 0.0% and a 38.1% success rate. Paris covers the Services sector, focusing on stocks such as Universal Technical Institute, American Public Education, and Adtalem Global Education.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Franchise Group with a $33.33 average price target.
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The company has a one-year high of $27.49 and a one-year low of $5.75. Currently, Franchise Group has an average volume of 290.7K.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FRG in relation to earlier this year.
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Franchise Group, Inc. is a holding company, which engages in the provision of tax return preparation and related services and products. It operates through the United States Operations and Canadian Operations segments. It offers personal and business tax preparation services, facilitates refund-based tax settlement financial products, and online tax preparation services. The company was founded by Danny Hewitt and John T. Hewitt on September 1, 1997 and is headquartered in Virginia Beach, VA.