Begbies Traynor Group (LON:BEG) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Begbies Traynor Group's share price has recently surpassed its 200-day moving average, indicating potential growth, trading at GBX 115.50 ($1.55) with substantial trading volume.
• Multiple research firms have rated the stock as a "Buy", with target prices ranging from GBX 150 to GBX 157 and a consensus price target of GBX 152.33.
• Insider trading activity reveals that Mark Fry sold 112,000 shares at an average price of GBX 124, while insiders currently own 19.97% of the stock.

Begbies Traynor Group plc (LON:BEG - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 108.19 ($1.45) and traded as high as GBX 117.50 ($1.57). Begbies Traynor Group shares last traded at GBX 115.50 ($1.55), with a volume of 173,520 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BEG. Shore Capital restated a "house stock" rating on shares of Begbies Traynor Group in a report on Friday, September 19th. Canaccord Genuity Group restated a "buy" rating and issued a GBX 157 target price on shares of Begbies Traynor Group in a report on Thursday, September 18th. Finally, Berenberg Bank restated a "buy" rating and issued a GBX 150 target price on shares of Begbies Traynor Group in a report on Tuesday, September 2nd. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of GBX 152.33.

Begbies Traynor Group Trading Up 0.4%

The company has a market capitalization of £183.63 million, a PE ratio of 3,039.47, a P/E/G ratio of 2.95 and a beta of 0.37. The firm's 50 day simple moving average is GBX 119.33 and its 200-day simple moving average is GBX 108.19. The company has a quick ratio of 1.35, a current ratio of 1.31 and a debt-to-equity ratio of 23.79.

Begbies Traynor Group (LON:BEG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 8th. The company reported GBX 11 earnings per share for the quarter. Begbies Traynor Group had a net margin of 1.06% and a return on equity of 1.83%. As a group, equities research analysts anticipate that Begbies Traynor Group plc will post 10.1495972 EPS for the current year.

Insider Buying and Selling

In other Begbies Traynor Group news, insider Mark Fry sold 112,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of GBX 124, for a total transaction of £138,880. 19.97% of the stock is currently owned by company insiders.

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.

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