Begbies Traynor Group's (BEG) Buy Rating Reaffirmed at Canaccord Genuity Group

Key Points

• Begbies Traynor Group has received a "buy" rating from Canaccord Genuity Group, with a target price of GBX 157, indicating a potential upside of 28.57% from its current price.
• The stock is currently priced at GBX 122.11, with a market capitalization of £194.13 million and a 12-month high of GBX 128.16.
• Insider trading activity includes the sale of 112,000 shares by Mark Fry at an average price of GBX 124, suggesting that insiders currently own 19.97% of the stock.

Canaccord Genuity Group restated their buy rating on shares of Begbies Traynor Group (LON:BEG - Free Report) in a research report sent to investors on Thursday morning, MarketBeat reports. They currently have a GBX 157 price target on the stock.

A number of other research analysts have also issued reports on the stock. Shore Capital reiterated a "house stock" rating on shares of Begbies Traynor Group in a report on Tuesday, July 8th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 150 target price on shares of Begbies Traynor Group in a research note on Tuesday, September 2nd. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Begbies Traynor Group presently has a consensus rating of "Buy" and an average target price of GBX 152.33.

Begbies Traynor Group Trading Down 1.6%

LON BEG traded down GBX 2 during trading on Thursday, reaching GBX 120. 641,430 shares of the stock traded hands, compared to its average volume of 367,109. The stock's 50-day moving average price is GBX 119.94 and its 200 day moving average price is GBX 107.54. 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 firm has a market cap of £190.78 million, a price-to-earnings ratio of 3,157.89, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37. Begbies Traynor Group has a fifty-two week low of GBX 83.08 and a fifty-two week high of GBX 128.16.

Begbies Traynor Group (LON:BEG - Get Free Report) last announced 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%. Analysts predict that Begbies Traynor Group will post 10.1495972 EPS for the current year.

Insider Buying and Selling at Begbies Traynor Group

In other Begbies Traynor Group news, insider Mark Fry sold 112,000 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of GBX 124, for a total value of £138,880. 19.97% of the stock is owned by company 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.