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Begbies Traynor ( (GB:BEG) ) has provided an announcement.
Begbies Traynor Group PLC announced the repurchase of 69,597 ordinary shares as part of its share buyback program. The shares were purchased at prices ranging from 122 to 123.5 pence and will be held in treasury. This transaction affects the total number of shares in circulation, which is now 159,463,040, excluding treasury shares. The buyback is part of the company’s strategy to manage its capital structure and could impact shareholder calculations under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:BEG) stock is a Buy with a £150.00 price target. To see the full list of analyst forecasts on Begbies Traynor stock, see the GB:BEG Stock Forecast page.
Spark’s Take on GB:BEG Stock
According to Spark, TipRanks’ AI Analyst, GB:BEG is a Neutral.
Begbies Traynor’s solid financial performance and positive corporate developments are offset by valuation concerns due to a high P/E ratio. The technical outlook is stable, supporting a moderately positive view.
To see Spark’s full report on GB:BEG stock, click here.
More about Begbies Traynor
Begbies Traynor Group PLC operates in the financial services industry, primarily focusing on providing professional services such as corporate restructuring, insolvency, and advisory services. The company is listed on the London Stock Exchange’s AIM market.
Average Trading Volume: 484,295
Technical Sentiment Signal: Buy
Current Market Cap: £197.8M
See more data about BEG stock on TipRanks’ Stock Analysis page.