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

Begbies Traynor Group plc (LON:BEG)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 97.41 ($1.19) and traded as low as GBX 97.20 ($1.18). Begbies Traynor Group shares last traded at GBX 97.20 ($1.18), with a volume of 1,298,229 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BEG. Canaccord Genuity Group increased their price target on shares of Begbies Traynor Group from GBX 148 ($1.80) to GBX 150 ($1.83) and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Shore Capital restated a “house stock” rating on shares of Begbies Traynor Group in a report on Tuesday, December 10th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 150 ($1.83) target price on shares of Begbies Traynor Group in a report on Thursday, December 12th.

Begbies Traynor Group Stock Performance

The stock’s 50-day moving average is GBX 94.66 and its 200-day moving average is GBX 97.35. 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 £155.89 million, a price-to-earnings ratio of 9,840.00, a P/E/G ratio of 2.95 and a beta of 0.37.

Begbies Traynor Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Thursday, April 10th will be paid a GBX 1.40 ($0.02) dividend. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, April 10th. Begbies Traynor Group’s dividend payout ratio is presently 40,000.00%.

Insider Activity at Begbies Traynor Group

In related news, insider Graham McInnes sold 137,200 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of GBX 92 ($1.12), for a total value of £126,224 ($153,575.86). Company insiders own 26.47% of the company’s stock.

About Begbies Traynor Group

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.