Begbies Traynor Group (LON:BEG) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Begbies Traynor Group plc (LON:BEG – Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 113.14 and traded as low as GBX 109. Begbies Traynor Group shares last traded at GBX 112.50, with a volume of 227,603 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BEG. Canaccord Genuity Group reissued a “buy” rating and set a GBX 157 price target on shares of Begbies Traynor Group in a research report on Thursday, November 20th. Berenberg Bank reissued a “buy” rating and set a GBX 150 target price on shares of Begbies Traynor Group in a report on Tuesday, September 2nd. Finally, Shore Capital reaffirmed a “house stock” rating on shares of Begbies Traynor Group in a report on Thursday, November 20th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 152.33.

View Our Latest Analysis on BEG

Begbies Traynor Group Stock Up 2.2%

The firm’s 50 day simple moving average is GBX 113.23 and its 200 day simple moving average is GBX 113.29. The company has a market cap of £183.32 million, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37. The company has a quick ratio of 1.35, a current ratio of 1.31 and a debt-to-equity ratio of 23.79.

About Begbies Traynor Group

(Get Free Report)

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.

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