Begbies Traynor Group (LON:BEG) Shares Pass Above 200-Day Moving Average – Time to Sell?

Begbies Traynor Group plc (LON:BEGGet Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 111.49 and traded as high as GBX 115. Begbies Traynor Group shares last traded at GBX 112.50, with a volume of 144,609 shares trading hands.

Analyst Ratings Changes

BEG has been the topic of several research reports. Shore Capital reissued a “house stock” rating on shares of Begbies Traynor Group in a research report on Friday, September 19th. Berenberg Bank reissued a “buy” rating and set a GBX 150 target price on shares of Begbies Traynor Group in a research report on Tuesday, September 2nd. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 157 price target on shares of Begbies Traynor Group in a research note on Thursday, September 18th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 152.33.

Read Our Latest Research Report on Begbies Traynor Group

Begbies Traynor Group Price Performance

The stock has a market capitalization of £179.33 million, a PE ratio of 29.61, 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 company’s 50 day simple moving average is GBX 115.45 and its 200 day simple moving average is GBX 111.59.

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.

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