Begbies Traynor Group (LON:BEG) Rating Reiterated by Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Begbies Traynor Group (LON:BEG) in a research note published on Tuesday, MarketBeat.com reports. They currently have a GBX 158 ($2.09) price target on the stock.

Separately, Shore Capital reaffirmed a house stock rating on shares of Begbies Traynor Group in a research report on Tuesday.

Begbies Traynor Group Price Performance

Shares of BEG opened at GBX 103.50 ($1.37) on Tuesday. The company has a debt-to-equity ratio of 23.79, a quick ratio of 1.35 and a current ratio of 1.31. Begbies Traynor Group has a fifty-two week low of GBX 95.28 ($1.26) and a fifty-two week high of GBX 131.50 ($1.74). The firm has a 50-day simple moving average of GBX 101.56 and a 200-day simple moving average of GBX 104.54. The company has a market capitalization of £163.82 million, a price-to-earnings ratio of 10,350.00, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37.

Begbies Traynor Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Thursday, October 10th will be paid a GBX 2.70 ($0.04) dividend. This is a boost from Begbies Traynor Group’s previous dividend of $1.30. This represents a yield of 2.72%. The ex-dividend date is Thursday, October 10th. Begbies Traynor Group’s payout ratio is currently 40,000.00%.

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.