Begbies Traynor Group (LON:BEG) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Begbies Traynor Group plc (LON:BEG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 94.99 ($1.22) and traded as high as GBX 100 ($1.29). Begbies Traynor Group shares last traded at GBX 98.80 ($1.27), with a volume of 317,454 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BEG shares. Shore Capital reissued a “house stock” rating on shares of Begbies Traynor Group in a research report on Tuesday, December 10th. Canaccord Genuity Group boosted their target price on shares of Begbies Traynor Group from GBX 148 ($1.91) to GBX 150 ($1.93) and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 150 ($1.93) price target on shares of Begbies Traynor Group in a report on Thursday, December 12th.

Begbies Traynor Group Trading Down 2.7 %

The company has a 50 day moving average of GBX 95.29 and a two-hundred day moving average of GBX 94.95. The company has a debt-to-equity ratio of 23.79, a quick ratio of 1.35 and a current ratio of 1.31. The stock has a market capitalization of £157.31 million, a PE ratio of 107.65, a P/E/G ratio of 2.95 and a beta of 0.37.

Begbies Traynor Group Cuts Dividend

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