Begbies Traynor Group (LON:BEG) Sets New 52-Week High - Should You Buy?

Begbies Traynor Group plc (LON:BEG - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 128.16 ($1.73) and last traded at GBX 123 ($1.66), with a volume of 656051 shares. The stock had previously closed at GBX 124.50 ($1.68).

Analyst Ratings Changes

BEG has been the subject of a number of research reports. Berenberg Bank restated a "buy" rating and set a GBX 150 ($2.02) target price on shares of Begbies Traynor Group in a research report on Wednesday, July 9th. Canaccord Genuity Group boosted their target price on shares of Begbies Traynor Group from GBX 153 ($2.06) to GBX 157 ($2.12) and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Shore Capital restated a "house stock" rating on shares of Begbies Traynor Group in a research report on Tuesday, July 8th.

Begbies Traynor Group Stock Down 1.2%

The firm has a market cap of £195.85 million, a PE ratio of 134.01, a PEG ratio of 2.95 and a beta of 0.37. The business's 50 day moving average price is GBX 104.34 and its 200 day moving average price is GBX 98.64. The company has a debt-to-equity ratio of 23.79, a current ratio of 1.31 and a quick ratio of 1.35.

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 for the quarter. Begbies Traynor Group had a return on equity of 1.83% and a net margin of 1.06%. On average, equities research analysts expect that Begbies Traynor Group plc will post 10.1495972 earnings per share for the current year.

Begbies Traynor Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, May 7th. Investors of record on Thursday, April 10th were paid a dividend of GBX 1.40 ($0.02) per share. The ex-dividend date was Thursday, April 10th. This represents a yield of 1.51%. Begbies Traynor Group's dividend payout ratio is presently 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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