Begbies Traynor Group plc (LON:BEG – Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 113.47 ($1.40) and traded as low as GBX 104.50 ($1.29). Begbies Traynor Group shares last traded at GBX 105 ($1.30), with a volume of 715,910 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 175 ($2.16) price objective on shares of Begbies Traynor Group in a research report on Monday, February 26th.
Begbies Traynor Group Price Performance
Begbies Traynor Group Cuts Dividend
The company also recently declared a dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Thursday, April 11th will be given a dividend of GBX 1.30 ($0.02) per share. This represents a yield of 1.11%. The ex-dividend date of this dividend is Thursday, April 11th.
Insider Transactions at Begbies Traynor Group
In related news, insider Nick Taylor sold 120,000 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of GBX 114 ($1.41), for a total transaction of £136,800 ($168,972.33). Company insiders own 26.65% 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.
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