Begbies Traynor Group (LON:BEG) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Begbies Traynor Group plc shares exceeded their 200-day moving average, reaching a high of GBX 119.68 ($1.62) in recent trading.
• Several brokerages have given the stock a "Buy" rating, with Berenberg Bank setting a price target of GBX 150 and Canaccord Genuity increasing their target from GBX 153 to GBX 157.
• The company reported a net margin of 1.06% and an earnings per share (EPS) of GBX 11 for the latest quarter, with analysts expecting EPS of approximately 10.15 for the current year.

Begbies Traynor Group plc (LON:BEG - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 105.97 ($1.44) and traded as high as GBX 119.68 ($1.62). Begbies Traynor Group shares last traded at GBX 118 ($1.60), with a volume of 279,740 shares trading hands.

Analyst Ratings Changes

BEG has been the topic of a number of analyst reports. Canaccord Genuity Group upped their target price on shares of Begbies Traynor Group from GBX 153 to GBX 157 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Shore Capital reissued a "house stock" rating on shares of Begbies Traynor Group in a research note on Tuesday, July 8th. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 150 target price on shares of Begbies Traynor Group in a research note on Tuesday, September 2nd. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of GBX 152.33.

Begbies Traynor Group Stock Performance

The stock has a market capitalization of £194.75 million, a price-to-earnings ratio of 3,223.68, 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. The stock's 50-day simple moving average is GBX 119.63 and its 200 day simple moving average is GBX 106.41.

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

Insider Activity

In other news, insider Mark Fry sold 112,000 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of GBX 124, for a total transaction of £138,880. Insiders own 19.97% of the company's stock.

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.