Begbies Traynor Group (LON:BEG) Price Target Raised to GBX 170 at Berenberg Bank

Begbies Traynor Group (LON:BEG – Get Rating) had its price objective increased by Berenberg Bank from GBX 155 ($1.90) to GBX 170 ($2.08) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

BEG has been the subject of a number of other reports. Shore Capital restated a house stock rating on shares of Begbies Traynor Group in a research report on Tuesday, July 19th. Canaccord Genuity Group reaffirmed a buy rating and set a GBX 138 ($1.69) price target on shares of Begbies Traynor Group in a research note on Thursday, May 19th.

Begbies Traynor Group Trading Up 1.2 %

Shares of BEG stock opened at GBX 142.75 ($1.75) on Tuesday. The stock has a 50-day simple moving average of GBX 141.09 and a 200 day simple moving average of GBX 125.96. Begbies Traynor Group has a fifty-two week low of GBX 97 ($1.19) and a fifty-two week high of GBX 156 ($1.91). The stock has a market capitalization of £219.47 million and a P/E ratio of 1,415.00. The company has a quick ratio of 1.35, a current ratio of 1.41 and a debt-to-equity ratio of 13.42.

Begbies Traynor Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, November 3rd. Stockholders of record on Thursday, October 6th will be issued a dividend of GBX 2.40 ($0.03) per share. This represents a dividend yield of 1.62%. The ex-dividend date is Thursday, October 6th. This is a positive change from Begbies Traynor Group’s previous dividend of $1.10.

About Begbies Traynor Group

(Get Rating)

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 Advisory and Transactional Services.

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