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Begbies Traynor ( (GB:BEG) ) has provided an announcement.
Begbies Traynor Group PLC has announced the transfer of 239,224 ordinary shares from treasury to fulfill staff share options that have been exercised. This transaction leaves the company with 575,372 ordinary shares remaining in treasury, and the total number of shares in issue, excluding treasury shares, stands at 159,179,161. This move is part of the company’s ongoing management of its share capital and may impact its stock liquidity and shareholder value.
The most recent analyst rating on (GB:BEG) stock is a Buy with a £157.00 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 within the financial services industry, primarily focusing on providing professional services such as insolvency, restructuring, and advisory services. The company is known for its expertise in handling financial distress situations and offers solutions to businesses facing financial difficulties.
Average Trading Volume: 558,148
Technical Sentiment Signal: Buy
Current Market Cap: £186M
For a thorough assessment of BEG stock, go to TipRanks’ Stock Analysis page.