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An announcement from Begbies Traynor ( (GB:BEG) ) is now available.
Begbies Traynor Group PLC has transferred 398,134 ordinary shares from its treasury to fulfill earn-out obligations related to a corporate acquisition. This transaction leaves the company with 163,806 shares in treasury, maintaining the total number of ordinary shares in issue at 159,765,037, and the voting rights at 159,601,231. This adjustment is significant for shareholders as it affects the calculation of their interests in the company.
The most recent analyst rating on (GB:BEG) stock is a Hold with a £129.00 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 overall stock score is driven by its strong financial performance, particularly in cash flow generation and revenue growth. The technical analysis suggests a neutral trend with no significant bullish or bearish signals. The valuation indicates the stock might be overvalued, but the dividend yield offers some appeal. The absence of earnings call data and corporate events means these factors did not influence the score.
To see Spark’s full report on GB:BEG stock, click here.
More about Begbies Traynor
Begbies Traynor Group PLC operates in the professional services industry, focusing on corporate restructuring and insolvency services. The company provides advisory services to businesses in financial distress, helping them navigate complex financial challenges.
Average Trading Volume: 487,874
Technical Sentiment Signal: Buy
Current Market Cap: £186.3M
Find detailed analytics on BEG stock on TipRanks’ Stock Analysis page.