Begbies Traynor Group’s (BEG) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Begbies Traynor Group (LON:BEG) in a research note published on Thursday morning, Marketbeat.com reports. The firm currently has a GBX 150 ($1.89) price target on the stock.

Several other analysts have also weighed in on the stock. Canaccord Genuity Group raised their price objective on shares of Begbies Traynor Group from GBX 148 ($1.87) to GBX 150 ($1.89) and gave the stock a “buy” rating in a report on Tuesday, December 10th. Shore Capital reiterated a “house stock” rating on shares of Begbies Traynor Group in a research report on Tuesday, December 10th.

Begbies Traynor Group Stock Down 3.0 %

LON BEG opened at GBX 98 ($1.24) on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.35 and a debt-to-equity ratio of 23.79. The company has a market capitalization of £155.25 million, a price-to-earnings ratio of 9,800.00, a PEG ratio of 2.95 and a beta of 0.37. Begbies Traynor Group has a 1-year low of GBX 83.08 ($1.05) and a 1-year high of GBX 120 ($1.51). The stock’s 50 day moving average is GBX 92.85 and its two-hundred day moving average is GBX 98.92.

Insider Transactions at Begbies Traynor Group

In other news, insider Graham McInnes sold 137,200 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of GBX 92 ($1.16), for a total value of £126,224 ($159,313.39). 26.47% of the stock is currently owned by corporate insiders.

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.