Begbies Traynor Group plc (LON:BEG - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 98.46 ($1.24) and traded as low as GBX 91.70 ($1.15). Begbies Traynor Group shares last traded at GBX 92.40 ($1.16), with a volume of 321,844 shares changing hands.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on BEG. Canaccord Genuity Group raised their price objective on shares of Begbies Traynor Group from GBX 148 ($1.86) to GBX 150 ($1.89) and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Berenberg Bank reissued a "buy" rating and set a GBX 150 ($1.89) price target on shares of Begbies Traynor Group in a research report on Thursday, December 12th. Finally, Shore Capital restated a "house stock" rating on shares of Begbies Traynor Group in a research report on Tuesday, December 10th.
Read Our Latest Research Report on Begbies Traynor Group
Begbies Traynor Group Price Performance
The company's 50 day simple moving average is GBX 92.91 and its 200 day simple moving average is GBX 98.41. 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 stock has a market capitalization of £146.38 million, a PE ratio of 9,240.00, a PEG ratio of 2.95 and a beta of 0.37.
Insider Activity at Begbies Traynor Group
In related news, insider Graham McInnes sold 137,200 shares of the business's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of GBX 92 ($1.16), for a total value of £126,224 ($158,632.65). Insiders own 26.47% of the company's stock.
Begbies Traynor Group Company Profile
(
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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.
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