Begbies Traynor Group (LON:BEG) Reaches New 12-Month High on Analyst Upgrade

Begbies Traynor Group plc (LON:BEG)’s share price reached a new 52-week high on Monday after Canaccord Genuity raised their price target on the stock from GBX 88 to GBX 105. Canaccord Genuity currently has a buy rating on the stock. Begbies Traynor Group traded as high as GBX 88.50 ($1.16) and last traded at GBX 88 ($1.15), with a volume of 274656 shares. The stock had previously closed at GBX 87.50 ($1.14).

Separately, Shore Capital reissued a “house stock” rating on shares of Begbies Traynor Group in a research report on Friday.

The firm has a market cap of $111.03 million and a PE ratio of 41.90. The company has a debt-to-equity ratio of 16.75, a current ratio of 1.45 and a quick ratio of 1.36. The stock has a 50-day moving average price of GBX 81.52 and a 200 day moving average price of GBX 75.05.

Begbies Traynor Group Company Profile (LON:BEG)

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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