Begbies Traynor Group plc (LON:BEG) Declares Dividend Increase – GBX 2.70 Per Share

Begbies Traynor Group plc (LON:BEG) announced a dividend on Tuesday, July 9th, Upcoming.Co.Uk reports. Investors of record on Thursday, October 10th will be paid a dividend of GBX 2.70 ($0.04) per share on Wednesday, November 6th. This represents a dividend yield of 2.72%. The ex-dividend date is Thursday, October 10th. This is a boost from Begbies Traynor Group’s previous dividend of $1.30. The official announcement can be seen at this link.

Begbies Traynor Group Stock Down 0.3 %

Shares of BEG opened at GBX 97.15 ($1.27) on Wednesday. Begbies Traynor Group has a one year low of GBX 95.28 ($1.25) and a one year high of GBX 131.50 ($1.72). The company has a market cap of £153.77 million, a P/E ratio of 9,740.00, a P/E/G 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. The firm has a 50 day simple moving average of GBX 101.11 and a two-hundred day simple moving average of GBX 103.68.

Analyst Ratings Changes

A number of research firms have weighed in on BEG. Shore Capital reissued a “house stock” rating on shares of Begbies Traynor Group in a research report on Tuesday, September 17th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 158 ($2.07) target price on shares of Begbies Traynor Group in a research note on Tuesday, September 17th.

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.