Begbies Traynor Group (LON:BEG) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Begbies Traynor Group plc (LON:BEG) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 94.97 ($1.23) and traded as high as GBX 101 ($1.31). Begbies Traynor Group shares last traded at GBX 100 ($1.29), with a volume of 142,738 shares.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BEG. Shore Capital reiterated a “house stock” rating on shares of Begbies Traynor Group in a report on Tuesday, December 10th. Canaccord Genuity Group upped their price target on Begbies Traynor Group from GBX 148 ($1.92) to GBX 150 ($1.94) and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 150 ($1.94) price objective on shares of Begbies Traynor Group in a report on Thursday, December 12th.

Begbies Traynor Group Price Performance

The company has a debt-to-equity ratio of 23.79, a current ratio of 1.31 and a quick ratio of 1.35. The firm has a market cap of £159.22 million, a price-to-earnings ratio of 108.95, a PEG ratio of 2.95 and a beta of 0.37. The stock has a 50-day moving average price of GBX 94.68 and a 200 day moving average price of GBX 95.01.

Begbies Traynor Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Thursday, April 10th will be paid a GBX 1.40 ($0.02) dividend. This represents a yield of 1.51%. The ex-dividend date is Thursday, April 10th. Begbies Traynor Group’s dividend payout ratio is currently 435.82%.

Begbies Traynor Group Company Profile

Begbies Traynor Group plc provides various professional services to businesses, professional advisors, large corporations, and financial institutions in the United Kingdom. The company operates through two segments: Insolvency and Advisory Services; and Property Advisory and Transactional Services. It offers business rescue and recovery services, including company administration, creditors' voluntary liquidation, company dissolution and strike off, company voluntary arrangement, compulsory liquidation, the Law of Property Act or fixed charge receiverships, members' voluntary liquidation, partnership liquidation, and personal insolvency services, as well as closure options for insolvent companies.