Begbies Traynor Group's (BEG) Buy Rating Reaffirmed at Berenberg Bank

Begbies Traynor Group (LON:BEG - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Berenberg Bank in a note issued to investors on Wednesday, Marketbeat Ratings reports. They presently have a GBX 150 ($2.04) target price on the stock. Berenberg Bank's price objective suggests a potential upside of 25.55% from the stock's previous close.

Several other research firms have also recently issued reports on BEG. Canaccord Genuity Group upped their price target on shares of Begbies Traynor Group from GBX 153 ($2.08) to GBX 157 ($2.13) and gave the company a "buy" rating in a report on Tuesday. Shore Capital reaffirmed a "house stock" rating on shares of Begbies Traynor Group in a report on Tuesday.

Begbies Traynor Group Trading Down 1.7%

Shares of BEG traded down GBX 2.03 ($0.03) during mid-day trading on Wednesday, hitting GBX 119.47 ($1.62). The company had a trading volume of 1,616,040 shares, compared to its average volume of 307,774. The business's 50-day simple moving average is GBX 102.64 and its 200-day simple moving average is GBX 98.02. The company has a quick ratio of 1.35, a current ratio of 1.31 and a debt-to-equity ratio of 23.79. Begbies Traynor Group has a 1-year low of GBX 83.08 ($1.13) and a 1-year high of GBX 124 ($1.69). The stock has a market cap of £190.23 million, a PE ratio of 130.17, a P/E/G ratio of 2.95 and a beta of 0.37.

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

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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