Begbies Traynor Group (LON:BEG) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Shares of Begbies Traynor Group plc (LON:BEG) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 97.24 ($1.21) and traded as low as GBX 91 ($1.14). Begbies Traynor Group shares last traded at GBX 92.60 ($1.16), with a volume of 239,856 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Shore Capital reissued a “house stock” rating on shares of Begbies Traynor Group in a report on Tuesday, December 10th. Berenberg Bank restated a “buy” rating and set a GBX 150 ($1.87) price target on shares of Begbies Traynor Group in a report on Thursday, December 12th. Finally, Canaccord Genuity Group increased their price objective on shares of Begbies Traynor Group from GBX 148 ($1.85) to GBX 150 ($1.87) and gave the company a “buy” rating in a research report on Tuesday, December 10th.

Begbies Traynor Group Price Performance

The firm has a market capitalization of £147.96 million, a P/E ratio of 9,340.00, a PEG 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 moving average of GBX 94.79 and a 200-day moving average of GBX 97.19.

Begbies Traynor Group (LON:BEG) last posted its quarterly 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 1.78% and a net margin of 1.06%. As a group, analysts predict that Begbies Traynor Group plc will post 10.1495972 EPS for the current year.

Begbies Traynor Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Thursday, April 10th will be issued 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 payout ratio is presently 40,000.00%.

Insider Transactions at Begbies Traynor Group

In related news, insider Graham McInnes sold 137,200 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of GBX 92 ($1.15), for a total value of £126,224 ($157,602.70). Company insiders own 26.47% of the company’s stock.

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.