Begbies Traynor Group (LON:BEG) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Begbies Traynor Group plc (LON:BEG) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 96.16 ($1.22) and traded as high as GBX 97 ($1.23). Begbies Traynor Group shares last traded at GBX 96 ($1.22), with a volume of 419,453 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 150 ($1.90) target price on shares of Begbies Traynor Group in a research note on Thursday, December 12th. Shore Capital reiterated a “house stock” rating on shares of Begbies Traynor Group in a report on Tuesday, December 10th. Finally, Canaccord Genuity Group lifted their price target on Begbies Traynor Group from GBX 148 ($1.88) to GBX 150 ($1.90) and gave the stock a “buy” rating in a report on Tuesday, December 10th.

Begbies Traynor Group Stock Performance

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 firm has a fifty day moving average price of GBX 94.74 and a 200 day moving average price of GBX 96.16. The firm has a market cap of £152.54 million, a PE ratio of 104.38, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37.

Begbies Traynor Group (LON:BEG) last posted its quarterly earnings results on Tuesday, December 10th. The company reported GBX 5.40 ($0.07) EPS for the quarter. Begbies Traynor Group had a return on equity of 1.83% and a net margin of 1.06%. As a group, equities research analysts expect that Begbies Traynor Group plc will post 10.1495972 earnings per share for the current fiscal year.

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 issued a GBX 1.40 ($0.02) dividend. The ex-dividend date is Thursday, April 10th. This represents a yield of 1.51%. Begbies Traynor Group’s dividend payout ratio (DPR) is currently 435.82%.

About Begbies Traynor Group

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.