Begbies Traynor Group (LON:BEG) PT Lowered to GBX 163

Begbies Traynor Group (LON:BEG) had its price target reduced by Canaccord Genuity from GBX 170 ($2.22) to GBX 163 ($2.13) in a research report issued on Tuesday, Analyst Price Targets reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective indicates a potential upside of 19.41% from the company’s current price.

Several other equities research analysts have also commented on BEG. Shore Capital reissued a “house stock” rating on shares of Begbies Traynor Group in a report on Tuesday. Berenberg Bank assumed coverage on shares of Begbies Traynor Group in a report on Thursday, April 15th. They issued a “buy” rating and a GBX 155 ($2.03) price target for the company.

Shares of LON BEG opened at GBX 136.50 ($1.78) on Tuesday. The stock has a market cap of £207.21 million and a price-to-earnings ratio of -273.00. The business has a fifty day moving average of GBX 134.79. The company has a debt-to-equity ratio of 24.03, a quick ratio of 1.23 and a current ratio of 1.33. Begbies Traynor Group has a one year low of GBX 80 ($1.05) and a one year high of GBX 149.60 ($1.95).

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 in two segments, Business Recovery and Financial Advisory Services, and Property Services. It offers business rescue, closure, and personal insolvency solutions; advise for corporate and commercial finance, restructuring and turnaround, financial consulting and options, forensic accounting and technology, investigations, and corporate solutions; and red flag alert services, as well as personal insolvency solutions comprising individual voluntary arrangement, bankruptcy, debt arrangement scheme, sequestration, and trust deed services.

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