Begbies Traynor Group’s (BEG) “Buy” Rating Reiterated at Canaccord Genuity Group

Begbies Traynor Group (LON:BEG)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity Group in a report issued on Thursday,London Stock Exchange reports. They currently have a GBX 157 price target on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 37.12% from the stock’s current price.

BEG has been the subject of several other research reports. Shore Capital reissued a “house stock” rating on shares of Begbies Traynor Group in a report on Thursday. Berenberg Bank reiterated a “buy” rating and set a GBX 150 price objective on shares of Begbies Traynor Group in a research report on Tuesday, September 2nd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Begbies Traynor Group has a consensus rating of “Buy” and an average target price of GBX 152.33.

Begbies Traynor Group Price Performance

Shares of BEG stock traded down GBX 1 on Thursday, reaching GBX 114.50. The company’s stock had a trading volume of 252,875 shares, compared to its average volume of 353,472. The company has a market capitalization of £182.52 million, a P/E ratio of 30.13, a PEG ratio of 2.95 and a beta of 0.37. Begbies Traynor Group has a 12-month low of GBX 88 and a 12-month high of GBX 128.16. The stock’s 50 day simple moving average is GBX 114.64 and its 200-day simple moving average is GBX 112.55. The company has a quick ratio of 1.35, a current ratio of 1.31 and a debt-to-equity ratio of 23.79.

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.