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Begbies Traynor ( (GB:BEG) ) just unveiled an update.
Begbies Traynor Group PLC has executed a share buyback program, purchasing 30,044 ordinary shares at an average price of 124.83 pence per share on the London Stock Exchange’s AIM. This transaction reduces the number of shares in circulation, potentially increasing the value of remaining shares and providing flexibility in capital management. The repurchased shares are held in treasury, and the total number of shares in issue now stands at 159,619,626, excluding treasury shares. This move is part of the company’s strategy to optimize its capital structure and may impact shareholder calculations under regulatory disclosure 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 business recovery, financial advisory, and property services. The company is known for its expertise in handling corporate insolvency and restructuring, providing support to businesses in financial distress.
Average Trading Volume: 395,611
Technical Sentiment Signal: Buy
Current Market Cap: £198.8M
For a thorough assessment of BEG stock, go to TipRanks’ Stock Analysis page.