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

Canaccord Genuity reaffirmed their buy rating on shares of Begbies Traynor Group (LON:BEG) in a report released on Tuesday, Digital Look reports. They currently have a GBX 88 ($1.15) price objective on the stock.

Separately, Shore Capital restated a buy rating and set a GBX 5,750 ($75.13) price objective on shares of Whitbread in a research report on Tuesday, May 7th.

Shares of BEG stock opened at GBX 82.25 ($1.07) on Tuesday. The company has a market cap of $94.19 million and a price-to-earnings ratio of 82.25. Begbies Traynor Group has a twelve month low of GBX 56 ($0.73) and a twelve month high of GBX 77 ($1.01). The company has a debt-to-equity ratio of 18.07, a current ratio of 1.45 and a quick ratio of 1.45. The stock’s fifty day moving average price is GBX 73.08.

The company also recently disclosed a dividend, which will be paid on Thursday, November 7th. Investors of record on Thursday, October 10th will be given a dividend of GBX 1.80 ($0.02) per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a yield of 2.35%. This is a positive change from Begbies Traynor Group’s previous dividend of $0.80. Begbies Traynor Group’s payout ratio is currently 3.00%.

In other news, insider John M. May acquired 32,462 shares of Begbies Traynor Group stock in a transaction that occurred on Tuesday, July 9th. The shares were acquired at an average price of GBX 77 ($1.01) per share, for a total transaction of £24,995.74 ($32,661.36).

Begbies Traynor Group Company Profile

Begbies Traynor Group plc provides various professional services to businesses, professional advisors, other stakeholders, and investors and financial institutions in the United Kingdom. The company operates in two segments, Business Recovery and Advisory Services; and Property Services. It offers business rescue options, advisory options, closure options, forensic accounting and technology, investigations, corporate and commercial finance, and personal insolvency solutions to accountants, asset based lenders, banks, creditors, and solicitors, as well as directors and business owners.

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