Begbies Traynor Group (LON:BEG) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Begbies Traynor Group plc (LON:BEG) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 96.16 ($1.22) and traded as high as GBX 97 ($1.23). Begbies Traynor Group shares last traded at GBX 96 ($1.22), with a volume of 419,453 shares changing hands.

Analyst Ratings Changes

Several analysts recently issued reports on BEG shares. Canaccord Genuity Group boosted their price objective on shares of Begbies Traynor Group from GBX 148 ($1.88) to GBX 150 ($1.90) and gave the company a “buy” rating in a report on Tuesday, December 10th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 150 ($1.90) target price on shares of Begbies Traynor Group in a research report on Thursday, December 12th. Finally, Shore Capital reaffirmed a “house stock” rating on shares of Begbies Traynor Group in a research report on Tuesday, December 10th.

Begbies Traynor Group Stock Performance

The company has a market capitalization of £152.54 million, a price-to-earnings ratio of 104.38, a P/E/G ratio of 2.95 and a beta of 0.37. The company has a debt-to-equity ratio of 23.79, a quick ratio of 1.35 and a current ratio of 1.31. The firm has a 50-day simple moving average of GBX 94.74 and a two-hundred day simple moving average of GBX 96.16.

Begbies Traynor Group (LON:BEG) last released its earnings results on Tuesday, December 10th. The company reported GBX 5.40 ($0.07) earnings per share for the quarter. Begbies Traynor Group had a return on equity of 1.83% and a net margin of 1.06%. On average, sell-side analysts anticipate that Begbies Traynor Group plc will post 10.1495972 EPS for the current fiscal year.

Begbies Traynor Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Thursday, April 10th will be given a dividend of GBX 1.40 ($0.02) per share. This represents a dividend yield of 1.51%. The ex-dividend date is Thursday, April 10th. Begbies Traynor Group’s dividend payout ratio is presently 435.82%.

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.