Begbies Traynor Group (LON:BEG) Price Target Raised to GBX 157 at Canaccord Genuity Group

Begbies Traynor Group (LON:BEG - Free Report) had its target price increased by Canaccord Genuity Group from GBX 153 ($2.06) to GBX 157 ($2.12) in a research note published on Tuesday morning, Marketbeat reports. The firm currently has a buy rating on the stock.

Separately, Shore Capital restated a "house stock" rating on shares of Begbies Traynor Group in a research note on Tuesday.

Begbies Traynor Group Price Performance

Begbies Traynor Group stock traded up GBX 4.50 ($0.06) during trading hours on Tuesday, reaching GBX 124.50 ($1.68). 873,270 shares of the stock were exchanged, compared to its average volume of 311,732. The company has a market cap of £198.23 million, a P/E ratio of 135.65, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37. The company has a current ratio of 1.31, a quick ratio of 1.35 and a debt-to-equity ratio of 23.79. Begbies Traynor Group has a twelve month low of GBX 83.08 ($1.12) and a twelve month high of GBX 126 ($1.70). The stock has a 50 day moving average of GBX 104.34 and a two-hundred day moving average of GBX 98.56.

Begbies Traynor Group (LON:BEG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 8th. The company reported GBX 11 ($0.15) earnings per share (EPS) for the quarter. Begbies Traynor Group had a net margin of 1.06% and a return on equity of 1.83%. Equities analysts expect that Begbies Traynor Group will post 10.1495972 EPS for the current fiscal year.

Begbies Traynor Group Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, May 7th. Stockholders of record on Thursday, April 10th were paid a GBX 1.40 ($0.02) dividend. The ex-dividend date was Thursday, April 10th. This represents a dividend yield of 1.51%. Begbies Traynor Group's payout ratio is currently 435.82%.

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.