BTG (LON:BTG) Stock Crosses Above 200-Day Moving Average – What’s Next?

Shares of BTG plc (LON:BTG) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0 and traded as high as GBX 109.50. BTG shares last traded at GBX 107.50, with a volume of 199,702 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BTG. Shore Capital Group restated a “house stock” rating on shares of BTG in a research report on Friday, June 5th. Berenberg Bank lifted their price target on shares of BTG from GBX 150 to GBX 155 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Canaccord Genuity Group boosted their price target on shares of BTG from GBX 160 to GBX 165 and gave the company a “buy” rating in a research report on Thursday, May 21st. Finally, Stifel Nicolaus restated a “buy” rating on shares of BTG in a research note on Wednesday, April 22nd. Three equities 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 160.

BTG Price Performance

The firm has a market capitalization of £170.81 million and a price-to-earnings ratio of 17.67. The company’s fifty day moving average price is GBX 117.27.

BTG (LON:BTG) last issued its quarterly earnings results on Monday, July 6th. The company reported GBX 11.50 earnings per share (EPS) for the quarter. As a group, equities research analysts forecast that BTG plc will post 44.9999968 EPS for the current year.

BTG Company Profile

BTG is a leading financial and real estate advisory group. We use our expertise to enhance, protect, and realise the value of our clients’ businesses, assets, and investments. Turning complexity into clarity, we support clients in funding and delivering their projects and navigating periods of challenge and change.

We operate across eight seamless service lines, each combining to support our clients throughout every stage of their business’s lifecycle.

• Restructuring – Restructuring and recovery services supporting businesses through challenges, opportunities, realising value, and regaining control
• Financial Advisory – Expert advice for success: developing strategy, evolving leadership, optimising profitability, and maximising capital
• Deal Advisory – End-to-end deal expertise de-risking and improving deals for strategic growth or exit through M&As
• Funding and Insurance – Tailored finance and insurance solutions driving sustainable success and protecting your business
• Agency and Auctions – Expert agency and auction services quickly unlocking property, business, and asset value
• Projects and Developments – Planning and delivering bespoke building solutions that help you achieve your property goals
• Property Management and Insurance – Insuring and ensuring property portfolio performance through expert management services
• Valuations and Asset Advisory – RICS-certified valuations and asset advisory delivering confidence in value across lease and asset strategy

With over 1,400 experts working across 50+ UK locations as well as 5 offshore offices, we connect our clients to a national network of expertise.