BTG (LON:BTG) Shares Down 7.7% – Here’s Why

BTG plc (LON:BTG)’s share price traded down 7.7% during mid-day trading on Monday . The company traded as low as GBX 107 and last traded at GBX 108. Approximately 1,094,786 shares were traded during mid-day trading, an increase of 283% from the average daily volume of 285,803 shares. The stock had previously closed at GBX 117.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Shore Capital Group reiterated a “house stock” rating on shares of BTG in a research note on Friday, June 5th. Canaccord Genuity Group lifted their price objective on shares of BTG from GBX 160 to GBX 165 and gave the company a “buy” rating in a report on Thursday, May 21st. Stifel Nicolaus restated a “buy” rating on shares of BTG in a research report on Wednesday, April 22nd. Finally, Berenberg Bank upped their price target on shares of BTG from GBX 150 to GBX 155 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 160.

BTG Trading Down 7.7%

The firm’s fifty day moving average price is GBX 120.13. The stock has a market capitalization of £174.04 million and a PE ratio of 18.00.

About BTG

BTG is a leading financial and real estate advisory group. We use our expertise to enhance, protect, and realise the value of our clients’ businesses, assets, and investments. Turning complexity into clarity, we support clients in funding and delivering their projects and navigating periods of challenge and change.

We operate across eight seamless service lines, each combining to support our clients throughout every stage of their business’s lifecycle.

• Restructuring – Restructuring and recovery services supporting businesses through challenges, opportunities, realising value, and regaining control
• Financial Advisory – Expert advice for success: developing strategy, evolving leadership, optimising profitability, and maximising capital
• Deal Advisory – End-to-end deal expertise de-risking and improving deals for strategic growth or exit through M&As
• Funding and Insurance – Tailored finance and insurance solutions driving sustainable success and protecting your business
• Agency and Auctions – Expert agency and auction services quickly unlocking property, business, and asset value
• Projects and Developments – Planning and delivering bespoke building solutions that help you achieve your property goals
• Property Management and Insurance – Insuring and ensuring property portfolio performance through expert management services
• Valuations and Asset Advisory – RICS-certified valuations and asset advisory delivering confidence in value across lease and asset strategy

With over 1,400 experts working across 50+ UK locations as well as 5 offshore offices, we connect our clients to a national network of expertise.