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

Begbies Traynor Group plc (LON:BEG) shares crossed 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 changing hands.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Canaccord Genuity Group boosted their price objective on Begbies Traynor Group from GBX 148 ($1.86) to GBX 150 ($1.89) and gave the stock a “buy” rating in a report on Tuesday, December 10th. Shore Capital reiterated a “house stock” rating on shares of Begbies Traynor Group in a research report on Tuesday, December 10th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 150 ($1.89) price target on shares of Begbies Traynor Group in a report on Thursday, December 12th.

Begbies Traynor Group Stock Down 1.7 %

The company has a quick ratio of 1.35, a current ratio of 1.31 and a debt-to-equity ratio of 23.79. The stock has a 50-day simple moving average of GBX 92.91 and a two-hundred day simple moving average of GBX 98.46. The firm has a market cap 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.

Insider Activity at Begbies Traynor Group

In other Begbies Traynor Group news, insider Graham McInnes sold 137,200 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 92 ($1.16), for a total value of £126,224 ($158,632.65). 26.47% of the stock is currently owned by 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.