Begbies Traynor Group (LON:BEG) Sets New 12-Month High - Here's Why

Begbies Traynor Group plc (LON:BEG - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 127 ($1.70) and last traded at GBX 125.50 ($1.68), with a volume of 95242 shares traded. The stock had previously closed at GBX 124.50 ($1.67).

Analyst Ratings Changes

A number of analysts have recently weighed in on BEG shares. Canaccord Genuity Group increased their price objective on Begbies Traynor Group from GBX 153 ($2.05) to GBX 157 ($2.11) and gave the company a "buy" rating in a research note on Tuesday, July 8th. Shore Capital reiterated a "house stock" rating on shares of Begbies Traynor Group in a report on Tuesday, July 8th. Finally, Berenberg Bank restated a "buy" rating and set a GBX 150 ($2.01) price target on shares of Begbies Traynor Group in a report on Wednesday, July 9th.

Begbies Traynor Group Price Performance

The company has a debt-to-equity ratio of 23.79, a current ratio of 1.31 and a quick ratio of 1.35. The firm has a market capitalization of £199.83 million, a PE ratio of 136.74, a PEG ratio of 2.95 and a beta of 0.37. The firm has a 50-day simple moving average of GBX 107.28 and a 200-day simple moving average of GBX 99.64.

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

Begbies Traynor Group Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, May 7th. Stockholders of record on Thursday, April 10th were given a dividend of GBX 1.40 ($0.02) per share. 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%.

Insider Buying and Selling

In other Begbies Traynor Group news, insider Mark Fry sold 112,000 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of GBX 124 ($1.66), for a total value of £138,880 ($186,291.08). 26.47% of the stock is owned by company 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.

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