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

Canaccord Genuity Group reaffirmed their buy rating on shares of Begbies Traynor Group (LON:BEG) in a research report report published on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has a GBX 158 ($2.09) price objective on the stock.

Separately, Shore Capital restated a house stock rating on shares of Begbies Traynor Group in a research report on Tuesday.

Begbies Traynor Group Stock Up 2.5 %

Begbies Traynor Group stock opened at GBX 103.50 ($1.37) on Tuesday. The stock’s 50 day moving average price is GBX 101.56 and its 200 day moving average price is GBX 104.54. Begbies Traynor Group has a 1-year low of GBX 95.28 ($1.26) and a 1-year high of GBX 131.50 ($1.74). The company has a market cap of £163.82 million, a PE ratio of 10,350.00, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37. The company has a debt-to-equity ratio of 23.79, a current ratio of 1.31 and a quick ratio of 1.35.

Begbies Traynor Group Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Thursday, October 10th will be given a dividend of GBX 2.70 ($0.04) per share. This represents a dividend yield of 2.72%. This is an increase from Begbies Traynor Group’s previous dividend of $1.30. The ex-dividend date is Thursday, October 10th. Begbies Traynor Group’s dividend payout ratio (DPR) is presently 40,000.00%.

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.