Begbies Traynor Group (LON:BEG) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

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 95.01 ($1.24) and traded as high as GBX 102 ($1.33). Begbies Traynor Group shares last traded at GBX 101 ($1.31), with a volume of 447,078 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BEG. Shore Capital reiterated a “house stock” rating on shares of Begbies Traynor Group in a research note on Tuesday, December 10th. Canaccord Genuity Group increased their price objective on Begbies Traynor Group from GBX 148 ($1.93) to GBX 150 ($1.95) and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 150 ($1.95) price objective on shares of Begbies Traynor Group in a research note on Thursday, December 12th.

Begbies Traynor Group Stock Performance

The company has a debt-to-equity ratio of 23.79, a current ratio of 1.31 and a quick ratio of 1.35. The company has a market capitalization of £160.82 million, a price-to-earnings ratio of 110.04, a PEG ratio of 2.95 and a beta of 0.37. The stock has a 50 day simple moving average of GBX 94.30 and a two-hundred day simple moving average of GBX 95.01.

Begbies Traynor Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Thursday, April 10th will be paid a GBX 1.40 ($0.02) dividend. This represents a yield of 1.51%. The ex-dividend date of this dividend is Thursday, April 10th. Begbies Traynor Group’s dividend payout ratio 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.