Canaccord Genuity Group Issues Positive Forecast for Begbies Traynor Group (LON:BEG) Stock Price

Begbies Traynor Group (LON:BEG) had its price target upped by Canaccord Genuity Group from GBX 148 ($1.89) to GBX 150 ($1.92) in a report released on Tuesday morning,Digital Look reports. The firm currently has a buy rating on the stock.

Separately, Shore Capital reissued a “house stock” rating on shares of Begbies Traynor Group in a report on Tuesday.

Begbies Traynor Group Stock Performance

BEG opened at GBX 100 ($1.28) on Tuesday. The business’s 50-day simple moving average is GBX 92.74 and its 200 day simple moving average is GBX 99.08. Begbies Traynor Group has a 52-week low of GBX 83.08 ($1.06) and a 52-week high of GBX 120 ($1.53). The company has a debt-to-equity ratio of 23.79, a quick ratio of 1.35 and a current ratio of 1.31. The firm has a market capitalization of £158.42 million, a PE ratio of 10,000.00, a PEG ratio of 2.95 and a beta of 0.37.

Insiders Place Their Bets

In other Begbies Traynor Group news, insider Graham McInnes sold 137,200 shares of Begbies Traynor Group stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of GBX 92 ($1.18), for a total value of £126,224 ($161,267.41). Company 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.