Begbies Traynor Group (LON:BEG) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Begbies Traynor Group plc (LON:BEG)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 95.01 ($1.23) and traded as high as GBX 102 ($1.32). Begbies Traynor Group shares last traded at GBX 101 ($1.30), with a volume of 447,078 shares changing hands.

Analysts Set New Price Targets

BEG has been the subject of a number of recent analyst reports. Canaccord Genuity Group upped their price objective on shares of Begbies Traynor Group from GBX 148 ($1.91) to GBX 150 ($1.94) and gave the company a “buy” rating in a research report on Tuesday, December 10th. Shore Capital reiterated a “house stock” rating on shares of Begbies Traynor Group in a research note on Tuesday, December 10th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 150 ($1.94) price target on shares of Begbies Traynor Group in a research note on Thursday, December 12th.

Begbies Traynor Group Price Performance

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 firm has a market capitalization of £160.02 million, a price-to-earnings ratio of 109.50, a P/E/G ratio of 2.95 and a beta of 0.37. The stock has a fifty day moving average of GBX 94.39 and a two-hundred day moving average of GBX 94.99.

Begbies Traynor Group Cuts Dividend

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