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

Begbies Traynor Group plc (LON:BEG) shares passed 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.

Analysts Set New Price Targets

Several brokerages recently commented on BEG. Shore Capital reaffirmed a “house stock” rating on shares of Begbies Traynor Group in a research report on Tuesday, December 10th. Berenberg Bank restated 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. Finally, Canaccord Genuity Group lifted their target price 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.

Begbies Traynor Group Stock Performance

The stock’s 50-day moving average is GBX 94.64 and its 200-day moving average is GBX 94.97. The company has a current ratio of 1.31, a quick ratio of 1.35 and a debt-to-equity ratio of 23.79. The stock has a market cap of £159.22 million, a price-to-earnings ratio of 108.95, a P/E/G ratio of 2.95 and a beta of 0.37.

Begbies Traynor Group Cuts Dividend

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