Begbies Traynor Group (LON:BEG) Share Price Passes 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 Thursday . The stock has a 200-day moving average of GBX 96.16 ($1.21) and traded as high as GBX 97 ($1.23). Begbies Traynor Group shares last traded at GBX 96 ($1.21), with a volume of 419,453 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently commented on BEG. Berenberg Bank reissued a “buy” rating and issued a GBX 150 ($1.90) price objective on shares of Begbies Traynor Group in a report on Thursday, December 12th. Canaccord Genuity Group increased their price objective on Begbies Traynor Group from GBX 148 ($1.87) to GBX 150 ($1.90) and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Shore Capital reissued a “house stock” rating on shares of Begbies Traynor Group in a report on Tuesday, December 10th.

Begbies Traynor Group Trading Down 0.4 %

The firm has a fifty day moving average price of GBX 94.59 and a 200 day moving average price of GBX 96.04. The company has a market cap of £152.22 million, a price-to-earnings ratio of 104.16, a P/E/G 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.

Begbies Traynor Group (LON:BEG) last released its quarterly earnings data on Tuesday, December 10th. The company reported GBX 5.40 ($0.07) EPS for the quarter. Begbies Traynor Group had a net margin of 1.06% and a return on equity of 1.83%. As a group, equities analysts predict that Begbies Traynor Group plc will post 10.1495972 EPS for the current fiscal year.

Begbies Traynor Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Thursday, April 10th will be given 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 435.82%.

About Begbies Traynor Group

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.