Begbies Traynor Group (LON:BEG) Receives “Buy” Rating from Berenberg Bank

Begbies Traynor Group (LON:BEG)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a report issued on Thursday,Digital Look reports. They currently have a GBX 150 ($1.90) price objective on the stock. Berenberg Bank’s price target points to a potential upside of 51.52% from the company’s previous close.

BEG has been the subject of several other research reports. Canaccord Genuity Group increased their price objective on shares of Begbies Traynor Group from GBX 148 ($1.88) to GBX 150 ($1.90) and gave the company a “buy” rating in a research note on Tuesday. Shore Capital reiterated a “house stock” rating on shares of Begbies Traynor Group in a report on Tuesday.

Begbies Traynor Group Price Performance

Shares of BEG stock traded down GBX 2 ($0.03) on Thursday, reaching GBX 99 ($1.25). The company had a trading volume of 215,050 shares, compared to its average volume of 345,994. The business’s 50-day moving average is GBX 92.81 and its 200 day moving average is GBX 98.99. Begbies Traynor Group has a one year low of GBX 83.08 ($1.05) and a one year high of GBX 120 ($1.52). The company has a quick ratio of 1.35, a current ratio of 1.31 and a debt-to-equity ratio of 23.79. The stock has a market capitalization of £156.84 million, a PE ratio of 9,900.00, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37.

Insider Transactions at Begbies Traynor Group

In other news, insider Graham McInnes sold 137,200 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of GBX 92 ($1.17), for a total transaction of £126,224 ($160,000.00). Company insiders own 26.47% of the company’s stock.

Begbies Traynor Group Company Profile

Begbies Traynor Group plc provides various professional services to businesses, professional advisors, large corporations, and financial institutions in the United Kingdom. The company operates through two segments: Insolvency and Advisory Services; and Property Advisory and Transactional Services. It offers business rescue and recovery services, including company administration, creditors' voluntary liquidation, company dissolution and strike off, company voluntary arrangement, compulsory liquidation, the Law of Property Act or fixed charge receiverships, members' voluntary liquidation, partnership liquidation, and personal insolvency services, as well as closure options for insolvent companies.