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

Begbies Traynor Group plc (LON:BEG) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 114.57 and traded as low as GBX 108.50. Begbies Traynor Group shares last traded at GBX 110.80, with a volume of 199,458 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 150 target price on shares of Begbies Traynor Group in a report on Tuesday, September 2nd. Shore Capital restated a “house stock” rating on shares of Begbies Traynor Group in a research report on Thursday, November 20th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 157 target price on shares of Begbies Traynor Group in a research report on Thursday, November 20th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Begbies Traynor Group presently has an average rating of “Buy” and a consensus price target of GBX 153.50.

Begbies Traynor Group Trading Up 0.7%

The firm has a 50-day moving average of GBX 111.67 and a 200 day moving average of GBX 114.57. 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 stock has a market capitalization of £177.91 million, a price-to-earnings ratio of 29.16, a PEG ratio of 2.95 and a beta of 0.37.

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