Begbies Traynor Group (LON:BEG) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Begbies Traynor Group plc (LON:BEG) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 97.41 ($1.19) and traded as high as GBX 100.50 ($1.23). Begbies Traynor Group shares last traded at GBX 97.20 ($1.19), with a volume of 1,298,229 shares.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Canaccord Genuity Group boosted their target price on shares of Begbies Traynor Group from GBX 148 ($1.81) to GBX 150 ($1.84) and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Berenberg Bank reiterated a “buy” rating and set a GBX 150 ($1.84) price target on shares of Begbies Traynor Group in a research report on Thursday, December 12th. Finally, Shore Capital reiterated a “house stock” rating on shares of Begbies Traynor Group in a research report on Tuesday, December 10th.

Begbies Traynor Group Stock Performance

The firm’s 50-day moving average price is GBX 94.42 and its 200 day moving average price is GBX 97.41. 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 company has a market cap of £157.65 million, a price-to-earnings ratio of 9,951.20, a PEG ratio of 2.95 and a beta of 0.37.

Begbies Traynor Group Cuts Dividend

The firm also recently declared 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 40,000.00%.

Insider Transactions at Begbies Traynor Group

In related news, insider Graham McInnes sold 137,200 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of GBX 92 ($1.13), for a total transaction of £126,224 ($154,496.94). 26.47% of the stock is owned by corporate 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.