Canaccord Genuity Reiterates “Buy” Rating for Begbies Traynor Group (LON:BEG)

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Begbies Traynor Group (LON:BEG)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity in a note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 88 ($1.15) target price on the stock. Canaccord Genuity’s price target suggests a potential upside of 8.31% from the company’s previous close.

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

BEG stock traded up GBX 4.25 ($0.06) during midday trading on Tuesday, reaching GBX 81.25 ($1.06). 160,772 shares of the company’s stock traded hands, compared to its average volume of 48,592. Begbies Traynor Group has a 52-week low of GBX 56 ($0.73) and a 52-week high of GBX 77 ($1.01). The company has a market cap of $93.04 million and a PE ratio of 81.25. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 18.07. The stock’s 50-day moving average is GBX 72.55.

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

About Begbies Traynor Group

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.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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