Begbies Traynor Group (LON:BEG) Shares Pass Above 200-Day Moving Average – What’s Next?

Begbies Traynor Group plc (LON:BEG) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 111.49 and traded as high as GBX 115. Begbies Traynor Group shares last traded at GBX 112.50, with a volume of 144,609 shares traded.

Analysts Set New Price Targets

BEG has been the topic of several research analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 157 price target on shares of Begbies Traynor Group in a research note on Thursday, September 18th. Shore Capital reaffirmed a “house stock” rating on shares of Begbies Traynor Group in a report on Friday, September 19th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 150 target price on shares of Begbies Traynor Group in a research report on Tuesday, September 2nd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 152.33.

Begbies Traynor Group Stock Up 0.4%

The company has a debt-to-equity ratio of 23.79, a quick ratio of 1.35 and a current ratio of 1.31. The business’s 50 day moving average price is GBX 115.45 and its 200 day moving average price is GBX 111.49. The firm has a market cap of £179.33 million, a price-to-earnings ratio of 29.61, a PEG ratio of 2.95 and a beta of 0.37.

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.