Begbies Traynor Group (LON:BEG) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of Begbies Traynor Group plc (LON:BEG) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 115.47 and traded as low as GBX 115. Begbies Traynor Group shares last traded at GBX 117.50, with a volume of 201,885 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BEG shares. Canaccord Genuity Group lifted their price target on shares of Begbies Traynor Group from GBX 157 to GBX 160 and gave the company a “buy” rating in a report on Tuesday, December 9th. Shore Capital reaffirmed a “house stock” rating on shares of Begbies Traynor Group in a report on Thursday, November 20th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 155.

Begbies Traynor Group Trading Up 1.3%

The company has a quick ratio of 1.35, a current ratio of 1.31 and a debt-to-equity ratio of 23.79. The stock’s 50 day moving average is GBX 112.78 and its 200-day moving average is GBX 115.50. The company has a market cap of £188.67 million, a PE ratio of 19.58, a P/E/G ratio of 2.95 and a beta of 0.37.

Begbies Traynor Group (LON:BEG) last announced its earnings results on Tuesday, December 9th. The company reported GBX 5.60 earnings per share (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 anticipate that Begbies Traynor Group plc will post 10.1495972 EPS 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.