Begbies Traynor Group (LON:BEG) Reaches New 12-Month Low – Time to Sell?

Begbies Traynor Group plc (LON:BEG) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 95 ($1.24) and last traded at GBX 96 ($1.26), with a volume of 1095444 shares trading hands. The stock had previously closed at GBX 97.40 ($1.27).

Analyst Upgrades and Downgrades

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

Begbies Traynor Group Price Performance

The firm’s 50-day moving average is GBX 101.08 and its 200-day moving average is GBX 103.56. 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 company has a market capitalization of £151.95 million, a P/E ratio of 9,588.00, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37.

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.