Begbies Traynor Group (LON:BEG) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Begbies Traynor Group plc (LON:BEG)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 115.19 and traded as low as GBX 112. Begbies Traynor Group shares last traded at GBX 113.50, with a volume of 28,379 shares.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Canaccord Genuity Group raised their target price on Begbies Traynor Group from GBX 157 to GBX 160 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Shore Capital reiterated a “house stock” rating on shares of Begbies Traynor Group in a research note on Thursday, November 20th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 155.

Begbies Traynor Group Price Performance

The company has a market cap of £181.44 million, a P/E ratio of 29.74, a P/E/G ratio of 2.95 and a beta of 0.37. The company’s 50-day moving average price is GBX 112.09 and its two-hundred day moving average price is GBX 115.18. The company has a current ratio of 1.31, a quick ratio of 1.35 and a debt-to-equity ratio of 23.79.

Begbies Traynor Group (LON:BEG) last issued its quarterly earnings results on Tuesday, December 9th. The company reported GBX 5.60 EPS for the quarter. Begbies Traynor Group had a net margin of 1.06% and a return on equity of 1.83%. As a group, sell-side analysts expect that Begbies Traynor Group plc will post 10.1495972 earnings per share for the current year.

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.