Canaccord Genuity Group Trims Begbies Traynor Group (LON:BEG) Target Price to GBX 158

Begbies Traynor Group (LON:BEG) had its target price lowered by Canaccord Genuity Group from GBX 175 ($2.24) to GBX 158 ($2.02) in a research report report published on Tuesday morning, MarketBeat.com reports. The brokerage currently has a buy rating on the stock.

Begbies Traynor Group Trading Up 1.5 %

LON BEG opened at GBX 100.50 ($1.29) on Tuesday. The stock’s 50 day moving average is GBX 104.03 and its 200 day moving average is GBX 108.49. The company has a quick ratio of 1.35, a current ratio of 1.33 and a debt-to-equity ratio of 21.73. The firm has a market capitalization of £158.79 million, a PE ratio of 5,675.00, a P/E/G ratio of 2.95 and a beta of 0.30. Begbies Traynor Group has a twelve month low of GBX 95.28 ($1.22) and a twelve month high of GBX 136.50 ($1.75).

Begbies Traynor Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Thursday, October 10th will be given a GBX 2.70 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, October 10th. This is an increase from Begbies Traynor Group’s previous dividend of $1.30. This represents a dividend yield of 2.72%.

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.