Shares of Begbies Traynor Group plc (LON:BEG - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 97.41 ($1.19) and traded as high as GBX 100.50 ($1.23). Begbies Traynor Group shares last traded at GBX 97.20 ($1.19), with a volume of 1,298,229 shares changing hands.
Analysts Set New Price Targets
A number of brokerages have weighed in on BEG. Berenberg Bank reiterated a "buy" rating and issued a GBX 150 ($1.84) price objective on shares of Begbies Traynor Group in a research report on Thursday, December 12th. Shore Capital reiterated a "house stock" rating on shares of Begbies Traynor Group in a research report on Tuesday, December 10th. Finally, Canaccord Genuity Group boosted their price objective on Begbies Traynor Group from GBX 148 ($1.81) to GBX 150 ($1.84) and gave the company a "buy" rating in a research report on Tuesday, December 10th.
Read Our Latest Report on BEG
Begbies Traynor Group Price 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 business's 50 day moving average price is GBX 94.54 and its 200 day moving average price is GBX 97.38. The firm has a market cap of £153.98 million, a PE ratio of 9,720.00, a PEG ratio of 2.95 and a beta of 0.37.
Begbies Traynor Group Cuts Dividend
The company also recently announced a dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Thursday, April 10th will be issued a dividend of GBX 1.40 ($0.02) per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a dividend yield of 1.51%. Begbies Traynor Group's payout ratio is currently 40,000.00%.
Insider Activity
In other news, insider Graham McInnes sold 137,200 shares of the firm's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of GBX 92 ($1.13), for a total value of £126,224 ($154,440.23). Company insiders own 26.47% of the company's stock.
Begbies Traynor Group Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Begbies Traynor Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Begbies Traynor Group wasn't on the list.
While Begbies Traynor Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
