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Begbies Traynor ( (GB:BEG) ) has shared an update.
Begbies Traynor Group plc has announced a market purchase of 100,000 ordinary shares as part of its share buyback program. The shares were bought at prices ranging from 124 to 127 pence and will be held in treasury, affecting the total number of shares available for trading on AIM. This transaction allows shareholders to adjust their holdings according to the Financial Conduct Authority’s rules and reflects the company’s strategic financial management.
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
Average Trading Volume: 406,924
Technical Sentiment Signal: Buy
Current Market Cap: £198.8M
See more insights into BEG stock on TipRanks’ Stock Analysis page.