Begbies Traynor Group (LON:BEG) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Begbies Traynor Group plc (LON:BEG) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 96.16 ($1.21) and traded as high as GBX 97 ($1.23). Begbies Traynor Group shares last traded at GBX 96 ($1.21), with a volume of 419,453 shares traded.

Wall Street Analysts Forecast Growth

BEG has been the subject of a number of research reports. Shore Capital reissued a “house stock” rating on shares of Begbies Traynor Group in a report on Tuesday, December 10th. Berenberg Bank reissued a “buy” rating and set a GBX 150 ($1.90) target price on shares of Begbies Traynor Group in a report on Thursday, December 12th. Finally, Canaccord Genuity Group lifted their target price on Begbies Traynor Group from GBX 148 ($1.87) to GBX 150 ($1.90) and gave the stock a “buy” rating in a report on Tuesday, December 10th.

Begbies Traynor Group Stock Performance

The firm has a market cap of £152.22 million, a price-to-earnings ratio of 104.16, a P/E/G ratio of 2.95 and a beta of 0.37. The stock has a 50 day moving average of GBX 94.59 and a 200 day moving average of GBX 96.04. The company has a quick ratio of 1.35, a current ratio of 1.31 and a debt-to-equity ratio of 23.79.

Begbies Traynor Group (LON:BEG) last posted its quarterly earnings results on Tuesday, December 10th. The company reported GBX 5.40 ($0.07) EPS for the quarter. Begbies Traynor Group had a return on equity of 1.83% and a net margin of 1.06%. As a group, analysts anticipate that Begbies Traynor Group plc will post 10.1495972 EPS for the current fiscal year.

Begbies Traynor Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 7th. Investors 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 of this dividend is Thursday, April 10th. Begbies Traynor Group’s dividend payout ratio (DPR) is presently 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.