Begbies Traynor Group (LON:BEG) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Begbies Traynor Group plc (LON:BEG)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 98.46 ($1.24) and traded as low as GBX 91.70 ($1.15). Begbies Traynor Group shares last traded at GBX 92.40 ($1.16), with a volume of 321,844 shares traded.

Wall Street Analysts Forecast Growth

BEG has been the topic of several research analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 150 ($1.89) price objective on shares of Begbies Traynor Group in a research report on Thursday, December 12th. Shore Capital restated a “house stock” rating on shares of Begbies Traynor Group in a research report on Tuesday, December 10th. Finally, Canaccord Genuity Group lifted their price objective on shares of Begbies Traynor Group from GBX 148 ($1.86) to GBX 150 ($1.89) and gave the stock a “buy” rating in a research report on Tuesday, December 10th.

Begbies Traynor Group Stock 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 capitalization of £146.38 million, a PE ratio of 9,240.00, a P/E/G ratio of 2.95 and a beta of 0.37. The company’s fifty day simple moving average is GBX 92.91 and its 200 day simple moving average is GBX 98.46.

Insider Activity at Begbies Traynor Group

In related news, insider Graham McInnes sold 137,200 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of GBX 92 ($1.16), for a total transaction of £126,224 ($158,632.65). 26.47% of the stock is currently owned by corporate insiders.

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.