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

Begbies Traynor Group (LON:BEG) had its target price lifted by investment analysts at Canaccord Genuity Group from GBX 148 ($1.89) to GBX 150 ($1.91) in a research report issued to clients and investors on Tuesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 50.00% from the stock’s previous close.

Separately, Shore Capital reiterated a “house stock” rating on shares of Begbies Traynor Group in a research note on Tuesday.

Begbies Traynor Group Stock Up 5.9 %

Shares of LON BEG traded up GBX 5.60 ($0.07) during midday trading on Tuesday, hitting GBX 100 ($1.27). 1,450,739 shares of the company’s stock were exchanged, compared to its average volume of 343,128. The company has a market cap of £158.42 million, a PE ratio of 10,000.00, a P/E/G ratio of 2.95 and a beta of 0.37. Begbies Traynor Group has a twelve month low of GBX 83.08 ($1.06) and a twelve month high of GBX 120 ($1.53). The firm’s fifty day simple moving average is GBX 92.74 and its 200-day simple moving average is GBX 99.08. The company has a debt-to-equity ratio of 23.79, a current ratio of 1.31 and a quick ratio of 1.35.

Insiders Place Their Bets

In other news, insider Graham McInnes sold 137,200 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 92 ($1.17), for a total value of £126,224 ($160,897.39). Insiders own 26.47% of the company’s stock.

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.