Begbies Traynor Group (LON:BEG) Hits New 1-Year High - What's Next?

Begbies Traynor Group plc (LON:BEG - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 128.16 ($1.72) and last traded at GBX 123 ($1.65), with a volume of 656051 shares changing hands. The stock had previously closed at GBX 124.50 ($1.67).

Wall Street Analyst Weigh In

BEG has been the topic of several research analyst reports. Shore Capital restated a "house stock" rating on shares of Begbies Traynor Group in a research report on Tuesday, July 8th. Berenberg Bank restated a "buy" rating and issued a GBX 150 ($2.01) price objective on shares of Begbies Traynor Group in a research report on Wednesday, July 9th. Finally, Canaccord Genuity Group boosted 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 report on Tuesday, July 8th.

Begbies Traynor Group Stock Down 1.6%

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 company has a market capitalization of £192.66 million, a PE ratio of 131.83, a P/E/G ratio of 2.95 and a beta of 0.37. The business has a 50-day moving average of GBX 106.12 and a 200 day moving average of GBX 99.19.

Begbies Traynor Group (LON:BEG - Get Free Report) last posted its 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%. Equities research analysts predict that Begbies Traynor Group plc will post 10.1495972 earnings per share for the current year.

Begbies Traynor Group Cuts Dividend

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

Insider Activity at Begbies Traynor Group

In related news, insider Mark Fry sold 112,000 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of GBX 124 ($1.67), for a total value of £138,880 ($186,491.20). Corporate insiders own 26.47% of the company's stock.

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.