Berenberg Bank Reaffirms Buy Rating for Begbies Traynor Group (LON:BEG)

Berenberg Bank reaffirmed their buy rating on shares of Begbies Traynor Group (LON:BEG - Free Report) in a report published on Wednesday morning, Marketbeat reports. They currently have a GBX 150 ($2.02) price objective on the stock.

Several other brokerages have also recently issued reports on BEG. Canaccord Genuity Group upped their price objective on Begbies Traynor Group from GBX 153 ($2.06) to GBX 157 ($2.12) and gave the company a "buy" rating in a research note on Tuesday. Shore Capital restated a "house stock" rating on shares of Begbies Traynor Group in a research note on Tuesday.

Begbies Traynor Group Stock Up 3.8%

Shares of LON:BEG traded up GBX 4.50 ($0.06) during trading on Wednesday, hitting GBX 124.50 ($1.68). The company's stock had a trading volume of 873,270 shares, compared to its average volume of 311,732. The company has a debt-to-equity ratio of 23.79, a quick ratio of 1.35 and a current ratio of 1.31. Begbies Traynor Group has a fifty-two week low of GBX 83.08 ($1.12) and a fifty-two week high of GBX 126 ($1.70). The stock's 50-day moving average price is GBX 104.34 and its two-hundred day moving average price is GBX 98.60. The company has a market capitalization of £198.23 million, a PE ratio of 135.65, a PEG ratio of 2.95 and a beta of 0.37.

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 (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, sell-side analysts expect that Begbies Traynor Group will post 10.1495972 EPS for the current year.

Begbies Traynor Group Cuts Dividend

The business also recently declared 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 was Thursday, April 10th. Begbies Traynor Group's payout ratio is 435.82%.

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.