Begbies Traynor Group (LON:BEG) Shares Cross 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 94.97 ($1.23) and traded as high as GBX 101 ($1.31). Begbies Traynor Group shares last traded at GBX 100 ($1.29), with a volume of 142,738 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Berenberg Bank restated a “buy” rating and set a GBX 150 ($1.94) price objective on shares of Begbies Traynor Group in a research note on Thursday, December 12th. Canaccord Genuity Group raised their price target on shares of Begbies Traynor Group from GBX 148 ($1.92) to GBX 150 ($1.94) and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Shore Capital reaffirmed a “house stock” rating on shares of Begbies Traynor Group in a report on Tuesday, December 10th.

Begbies Traynor Group Price Performance

The firm has a market capitalization of £159.22 million, a price-to-earnings ratio of 108.95, a PEG ratio of 2.95 and a beta of 0.37. The company has a current ratio of 1.31, a quick ratio of 1.35 and a debt-to-equity ratio of 23.79. The business has a 50-day moving average price of GBX 94.64 and a two-hundred day moving average price of GBX 94.97.

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 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 payout ratio 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.