Begbies Traynor Group (LON:BEG) Shares Pass Below 200 Day Moving Average – Here’s Why

Begbies Traynor Group plc (LON:BEG)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 97.24 ($1.20) and traded as low as GBX 91 ($1.12). Begbies Traynor Group shares last traded at GBX 92.60 ($1.14), with a volume of 239,856 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently commented on BEG shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 150 ($1.85) price target on shares of Begbies Traynor Group in a research report on Thursday, December 12th. Canaccord Genuity Group increased their target price on Begbies Traynor Group from GBX 148 ($1.83) to GBX 150 ($1.85) and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Shore Capital reiterated a “house stock” rating on shares of Begbies Traynor Group in a research note on Tuesday, December 10th.

Begbies Traynor Group Trading Down 1.9 %

The firm’s fifty day moving average price is GBX 94.79 and its two-hundred day moving average price is GBX 97.24. 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 stock has a market cap of £146.70 million, a P/E ratio of 9,260.00, a PEG ratio of 2.95 and a beta of 0.37.

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 net margin of 1.06% and a return on equity of 1.78%. As a group, equities research analysts forecast that Begbies Traynor Group plc will post 10.1495972 EPS for the current year.

Begbies Traynor Group Cuts Dividend

The firm also recently announced 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 (DPR) is 40,000.00%.

Insider Transactions at Begbies Traynor Group

In other Begbies Traynor Group news, insider Graham McInnes sold 137,200 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of GBX 92 ($1.14), for a total value of £126,224 ($155,909.09). Insiders own 26.47% of the company’s stock.

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.