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The latest announcement is out from Begbies Traynor ( (GB:BEG) ).
Begbies Traynor Group PLC has executed a share buyback program, purchasing 5,000 ordinary shares at a price of 118 pence each. These shares will be held in treasury, adjusting the total number of shares in issue to 159,665,566, excluding treasury shares. This transaction is part of the company’s strategic financial management, potentially impacting 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, focusing on providing professional services including corporate restructuring, insolvency, and advisory services. The company is listed on the London Stock Exchange’s AIM market.
Average Trading Volume: 382,708
Technical Sentiment Signal: Buy
Current Market Cap: £194.1M
For an in-depth examination of BEG stock, go to TipRanks’ Overview page.