Berenberg Bank Reiterates Buy Rating for Begbies Traynor Group (LON:BEG)

Begbies Traynor Group (LON:BEG)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research report issued on Thursday, Marketbeat.com reports. They currently have a GBX 150 ($1.89) price objective on the stock. Berenberg Bank’s price target points to a potential upside of 53.06% from the company’s current price.

Several other research analysts have also issued reports on the stock. Canaccord Genuity Group lifted their price target on shares of 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 restated a “house stock” rating on shares of Begbies Traynor Group in a report on Tuesday.

Begbies Traynor Group Stock Performance

Shares of BEG opened at GBX 98 ($1.24) on Thursday. 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’s 50 day moving average is GBX 92.81 and its 200-day moving average is GBX 98.99. Begbies Traynor Group has a 12-month low of GBX 83.08 ($1.05) and a 12-month high of GBX 120 ($1.51). The stock has a market capitalization of £155.25 million, a P/E ratio of 9,800.00, a P/E/G ratio of 2.95 and a beta of 0.37.

Insiders Place Their Bets

In other news, insider Graham McInnes sold 137,200 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of GBX 92 ($1.16), for a total value of £126,224 ($159,313.39). Corporate 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.