Begbies Traynor Group (LON:BEG) Stock Crosses Below 200 Day Moving Average – Here’s Why

Shares of Begbies Traynor Group plc (LON:BEG) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 110.81 and traded as low as GBX 109.50. Begbies Traynor Group shares last traded at GBX 112.06, with a volume of 410,467 shares.

Analyst Ratings Changes

BEG has been the subject of a number of research analyst reports. Canaccord Genuity Group reissued a “buy” rating and set a GBX 157 price target on shares of Begbies Traynor Group in a research note on Thursday, September 18th. Berenberg Bank reiterated a “buy” rating and set a GBX 150 price objective on shares of Begbies Traynor Group in a report on Tuesday, September 2nd. Finally, Shore Capital reiterated a “house stock” rating on shares of Begbies Traynor Group in a report on Friday, September 19th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Begbies Traynor Group has a consensus rating of “Buy” and a consensus price target of GBX 152.33.

Begbies Traynor Group Price Performance

The firm has a fifty day simple moving average of GBX 116.16 and a 200 day simple moving average of GBX 110.81. The company has a market capitalization of £179.68 million, a PE ratio of 29.74, a P/E/G ratio of 2.95 and a beta of 0.37. The company has a debt-to-equity ratio of 23.79, a quick ratio of 1.35 and a current ratio of 1.31.

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.