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Begbies Traynor Group (LON:BEG) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Begbies Traynor Group logo with Industrials background

Begbies Traynor Group plc (LON:BEG - Get Free Report) shares 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 ($1.30). Begbies Traynor Group shares last traded at GBX 100 ($1.29), with a volume of 142,738 shares trading hands.

Analyst Ratings Changes

BEG has been the topic of a number of research analyst reports. Shore Capital reissued a "house stock" rating on shares of Begbies Traynor Group in a report on Tuesday, December 10th. Canaccord Genuity Group boosted their price target on Begbies Traynor Group from GBX 148 ($1.91) to GBX 150 ($1.94) and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Finally, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 150 ($1.94) price objective on shares of Begbies Traynor Group in a research note on Thursday, December 12th.

View Our Latest Report on BEG

Begbies Traynor Group Stock Down 0.5 %

The firm has a market capitalization of £157.63 million, a PE ratio of 107.86, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37. The firm's 50-day moving average is GBX 94.73 and its 200 day moving average is GBX 94.96. 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 Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Thursday, April 10th will be given a GBX 1.40 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a dividend yield of 1.51%. Begbies Traynor Group's dividend payout ratio is presently 435.82%.

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.

Further Reading

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