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 trading hands.

Wall Street Analyst Weigh In

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

Begbies Traynor Group Price Performance

The company has a fifty day simple moving average of GBX 111.67 and a 200-day simple moving average of GBX 114.57. The company has a market cap of £177.91 million, a P/E ratio of 29.16, a PEG ratio of 2.95 and a beta of 0.37. The company has a debt-to-equity ratio of 23.79, a current ratio of 1.31 and a quick ratio of 1.35.

Begbies Traynor Group (LON:BEG) last released its quarterly earnings results on Tuesday, December 9th. The company reported GBX 5.60 earnings per share for the quarter. Begbies Traynor Group had a return on equity of 1.83% and a net margin of 1.06%. On average, sell-side analysts predict that Begbies Traynor Group plc will post 10.1495972 earnings per share 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.