Begbies Traynor Group (LON:BEG) Reaches New 12-Month Low – Time to Sell?

Begbies Traynor Group plc (LON:BEG) shares reached a new 52-week low on Wednesday . The company traded as low as GBX 95 ($1.24) and last traded at GBX 96 ($1.26), with a volume of 1095444 shares traded. The stock had previously closed at GBX 97.40 ($1.27).

Analyst Ratings Changes

A number of research firms have weighed in on BEG. Shore Capital reiterated a “house stock” rating on shares of Begbies Traynor Group in a research report on Tuesday, September 17th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 158 ($2.07) price target on shares of Begbies Traynor Group in a research report on Tuesday, September 17th.

Begbies Traynor Group Price Performance

The firm’s fifty day moving average price is GBX 101.08 and its 200 day moving average price is GBX 103.56. The company has a quick ratio of 1.35, a current ratio of 1.31 and a debt-to-equity ratio of 23.79. The stock has a market cap of £151.95 million, a PE ratio of 9,588.00, a P/E/G ratio of 2.95 and a beta of 0.37.

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.