Berenberg Bank Reaffirms “Buy” Rating for Begbies Traynor Group (LON:BEG)

Begbies Traynor Group (LON:BEG)‘s stock had its “buy” rating restated by Berenberg Bank in a note issued to investors on Thursday, Marketbeat.com reports. They presently have a GBX 150 ($1.89) price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 53.06% from the stock’s current price.

Several other brokerages also recently weighed in on BEG. Canaccord Genuity Group upped their target price on Begbies Traynor Group from GBX 148 ($1.87) to GBX 150 ($1.89) and gave the stock a “buy” rating in a research report on Tuesday. Shore Capital reaffirmed a “house stock” rating on shares of Begbies Traynor Group in a research report on Tuesday.

Begbies Traynor Group Stock Down 3.0 %

Shares of Begbies Traynor Group stock opened at GBX 98 ($1.24) on Thursday. Begbies Traynor Group has a twelve month low of GBX 83.08 ($1.05) and a twelve month high of GBX 120 ($1.51). The stock has a market cap of £155.25 million, a price-to-earnings ratio of 9,800.00, a price-to-earnings-growth 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. The company has a fifty day moving average price of GBX 92.81 and a 200 day moving average price of GBX 98.99.

Insider Activity

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 ($1.16), for a total transaction of £126,224 ($159,313.39). Insiders own 26.47% of the company’s stock.

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.