Begbies Traynor Group’s (BEG) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Begbies Traynor Group (LON:BEG) in a research note issued to investors on Thursday morning,Digital Look reports. They currently have a GBX 150 ($1.90) target price on the stock.

BEG has been the subject of several other reports. Shore Capital reaffirmed a “house stock” rating on shares of Begbies Traynor Group in a report on Tuesday. Canaccord Genuity Group upped their price objective on Begbies Traynor Group from GBX 148 ($1.88) to GBX 150 ($1.90) and gave the company a “buy” rating in a research report on Tuesday.

Begbies Traynor Group Stock Down 2.8 %

BEG traded down GBX 2.83 ($0.04) during midday trading on Thursday, reaching GBX 98.17 ($1.24). The company’s stock had a trading volume of 216,477 shares, compared to its average volume of 346,000. Begbies Traynor Group has a 1 year low of GBX 83.08 ($1.05) and a 1 year high of GBX 120 ($1.52). The stock’s 50-day moving average is GBX 92.81 and its 200-day moving average is GBX 98.99. The firm has a market capitalization of £155.52 million, a price-to-earnings ratio of 9,900.00, a PEG ratio of 2.95 and a beta of 0.37. The company has a current ratio of 1.31, a quick ratio of 1.35 and a debt-to-equity ratio of 23.79.

Insiders Place Their Bets

In other news, insider Graham McInnes sold 137,200 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of GBX 92 ($1.17), for a total value of £126,224 ($160,000.00). 26.47% of the stock is owned by company 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.