Berenberg Bank Reiterates Buy Rating for Begbies Traynor Group (LON:BEG)

Key Points

• Begbies Traynor Group has received a "buy" rating from Berenberg Bank, which set a price target of GBX 150, indicating a potential upside of 27.13% based on the stock's recent close.
• Another firm, Canaccord Genuity Group, raised its target price for the company from GBX 153 to GBX 157 and also maintains a "buy" rating, contributing to a consensus rating of "Buy" among analysts.
• The company reported an earnings per share (EPS) of GBX 11 for the recent quarter and is predicted to post approximately 10.15 EPS for the current fiscal year.

Begbies Traynor Group (LON:BEG - Get Free Report)'s stock had its "buy" rating restated by Berenberg Bank in a report issued on Tuesday, Marketbeat.com reports. They currently have a GBX 150 price target on the stock. Berenberg Bank's price objective suggests a potential upside of 28.76% from the company's current price.

Other analysts have also issued reports about the company. Shore Capital restated a "house stock" rating on shares of Begbies Traynor Group in a research note on Tuesday, July 8th. Canaccord Genuity Group boosted their target price on Begbies Traynor Group from GBX 153 to GBX 157 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Begbies Traynor Group presently has a consensus rating of "Buy" and a consensus price target of GBX 152.33.

Begbies Traynor Group Stock Performance

Begbies Traynor Group stock traded down GBX 1 during mid-day trading on Tuesday, reaching GBX 116.50. 174,487 shares of the company's stock were exchanged, compared to its average volume of 353,850. The business's fifty day simple moving average is GBX 118.70 and its 200 day simple moving average is GBX 105.60. The firm has a market capitalization of £184.94 million, a PE ratio of 3,065.79, a P/E/G ratio of 2.95 and a beta of 0.37. Begbies Traynor Group has a one year low of GBX 83.08 and a one year high of GBX 128.16. The company has a quick ratio of 1.35, a current ratio of 1.31 and a debt-to-equity ratio of 23.79.

Begbies Traynor Group (LON:BEG - Get Free Report) last issued its earnings results on Tuesday, July 8th. The company reported GBX 11 earnings per share (EPS) for the quarter. Begbies Traynor Group had a return on equity of 1.83% and a net margin of 1.06%. On average, sell-side analysts expect that Begbies Traynor Group will post 10.1495972 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Mark Fry sold 112,000 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of GBX 124, for a total transaction of £138,880. 19.97% of the stock is currently owned by insiders.

About Begbies Traynor Group

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.