Begbies Traynor Group (LON:BEG) Earns Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Begbies Traynor Group (LON:BEG) in a report issued on Tuesday morning, MarketBeat.com reports. Canaccord Genuity Group currently has a GBX 158 ($2.09) price objective on the stock.

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

Begbies Traynor Group Price Performance

LON BEG opened at GBX 101 ($1.33) on Tuesday. The company’s 50 day moving average is GBX 101.52 and its two-hundred day moving average is GBX 104.61. The company has a market cap of £159.86 million, a P/E ratio of 10,100.00, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37. The company has a quick ratio of 1.35, a current ratio of 1.31 and a debt-to-equity ratio of 23.79.

Begbies Traynor Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Thursday, October 10th will be paid a dividend of GBX 2.70 ($0.04) per share. This is a positive change from Begbies Traynor Group’s previous dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 10th. This represents a yield of 2.72%. Begbies Traynor Group’s payout ratio is presently 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.