Begbies Traynor Group (LON:BEG) Given "Buy" Rating at Berenberg Bank

Begbies Traynor Group (LON:BEG - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Berenberg Bank in a report released on Thursday, Marketbeat reports. They currently have a GBX 150 ($1.89) price objective on the stock. Berenberg Bank's price target would suggest a potential upside of 53.06% from the company's previous close.

Several other equities analysts have also weighed in on the company. Canaccord Genuity Group raised their target price on Begbies Traynor Group from GBX 148 ($1.87) to GBX 150 ($1.89) and gave the company a "buy" rating in a report on Tuesday. Shore Capital reissued a "house stock" rating on shares of Begbies Traynor Group in a report on Tuesday.

Begbies Traynor Group Trading Down 3.0 %

Shares of LON:BEG traded down GBX 3 ($0.04) during midday trading on Thursday, reaching GBX 98 ($1.24). The company had a trading volume of 388,855 shares, compared to its average volume of 346,906. The company has a fifty day simple moving average of GBX 92.85 and a two-hundred day simple moving average of GBX 98.92. The firm has a market cap of £155.25 million, a price-to-earnings ratio of 9,800.00, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 23.79, a quick ratio of 1.35 and a current ratio of 1.31.

Insider Activity

In related 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). Corporate 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.