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

Begbies Traynor Group (LON:BEG)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research report issued on Tuesday, Marketbeat reports. They presently have a GBX 150 target price on the stock. Berenberg Bank’s target price would indicate a potential upside of 27.12% from the stock’s current price.

Several other equities research analysts have also commented on BEG. Canaccord Genuity Group increased their price objective on shares of Begbies Traynor Group from GBX 153 to GBX 157 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Shore Capital reissued a “house stock” rating on shares of Begbies Traynor Group in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 152.33.

Begbies Traynor Group Trading Down 1.3%

LON:BEG opened at GBX 118 on Tuesday. The company has a debt-to-equity ratio of 23.79, a quick ratio of 1.35 and a current ratio of 1.31. The firm has a market cap of £187.32 million, a price-to-earnings ratio of 3,105.26, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37. Begbies Traynor Group has a 52 week low of GBX 83.08 and a 52 week high of GBX 128.16. The firm has a 50-day moving average price of GBX 118.36 and a two-hundred day moving average price of GBX 105.20.

Begbies Traynor Group (LON:BEG) last posted its quarterly earnings data on Tuesday, July 8th. The company reported GBX 11 EPS for the quarter. Begbies Traynor Group had a net margin of 1.06% and a return on equity of 1.83%. On average, equities analysts expect that Begbies Traynor Group will post 10.1495972 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Begbies Traynor Group news, insider Mark Fry sold 112,000 shares of the firm’s stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of GBX 124, for a total value of £138,880. 20.10% of the stock is currently owned by insiders.

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.