Begbies Traynor Group (LON:BEG) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Begbies Traynor Group plc (LON:BEG) crossed 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 changing hands.

Analysts Set New Price Targets

A number of brokerages have recently commented on BEG. Shore Capital reaffirmed a “house stock” rating on shares of Begbies Traynor Group in a report on Thursday, November 20th. Canaccord Genuity Group raised their price objective on shares of Begbies Traynor Group from GBX 157 to GBX 160 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Begbies Traynor Group has a consensus rating of “Buy” and a consensus target price of GBX 155.

Begbies Traynor Group Trading Up 1.3%

The business has a 50 day moving average price of GBX 112.78 and a 200-day moving average price of GBX 115.47. 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 firm has a market cap of £188.67 million, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37.

Begbies Traynor Group (LON:BEG) last released 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, research analysts expect that Begbies Traynor Group plc will post 10.1495972 EPS for the current fiscal year.

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.