Begbies Traynor Group (LON:BEG) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Begbies Traynor Group plc (LON:BEG) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 94.99 ($1.22) and traded as high as GBX 100 ($1.29). Begbies Traynor Group shares last traded at GBX 98.80 ($1.27), with a volume of 317,454 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BEG. Canaccord Genuity Group raised their price objective on Begbies Traynor Group from GBX 148 ($1.91) to GBX 150 ($1.93) and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Shore Capital reissued 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 ($1.93) price objective on shares of Begbies Traynor Group in a report on Thursday, December 12th.

Begbies Traynor Group Trading Down 2.7 %

The company has a 50 day moving average price of GBX 95.29 and a 200 day moving average price of GBX 94.95. 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 market cap of £157.31 million, a price-to-earnings ratio of 107.65, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37.

Begbies Traynor Group Cuts Dividend

The business also recently announced 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. This represents a yield of 1.51%. The ex-dividend date is Thursday, April 10th. 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.