Begbies Traynor Group (LON:BEG) Reaches New 1-Year High Following Analyst Upgrade

Begbies Traynor Group plc (LON:BEG - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday after Canaccord Genuity Group raised their price target on the stock from GBX 153 to GBX 157. Canaccord Genuity Group currently has a buy rating on the stock. Begbies Traynor Group traded as high as GBX 124 ($1.69) and last traded at GBX 121.50 ($1.65), with a volume of 6184865 shares trading hands. The stock had previously closed at GBX 111 ($1.51).

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

Begbies Traynor Group Price Performance

The business has a 50-day simple moving average of GBX 102.16 and a 200 day simple moving average of GBX 97.86. The firm has a market cap of £193.46 million, a P/E ratio of 132.38, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37. The company has a debt-to-equity ratio of 23.79, a quick ratio of 1.35 and a current ratio of 1.31.

Begbies Traynor Group Cuts Dividend

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

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.

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