Begbies Traynor Group (LON:BEG) Stock Price Passes Above 200-Day Moving Average - Here's What Happened

Key Points

• Begbies Traynor Group's stock price has risen above its 200-day moving average, reaching GBX 121.50 ($1.64) on the trading day, with the last trade at GBX 118.50 ($1.60).
• Analysts have given the company an average "Buy" rating, with target prices ranging from GBX 150 to GBX 157, indicating positive sentiment on its future performance.
• The company's market capitalization stands at £187.54 million, with a P/E ratio of 128.33 and recent earnings per share reported at GBX 11.

Begbies Traynor Group plc (LON:BEG - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 104.33 ($1.41) and traded as high as GBX 121.50 ($1.64). Begbies Traynor Group shares last traded at GBX 118.50 ($1.60), with a volume of 105,037 shares traded.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Berenberg Bank restated a "buy" rating and set a GBX 150 target price on shares of Begbies Traynor Group in a research report on Wednesday, July 9th. Canaccord Genuity Group increased their target price on Begbies Traynor Group from GBX 153 to GBX 157 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, Shore Capital reaffirmed a "house stock" rating on shares of Begbies Traynor Group in a report on Tuesday, July 8th. 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 an average price target of GBX 152.33.

Begbies Traynor Group Trading Down 0.6%

The stock has a 50 day moving average of GBX 117.48 and a 200 day moving average of GBX 104.33. The firm has a market cap of £187.54 million, a P/E ratio of 128.33, a PEG ratio of 2.95 and a beta of 0.37. The company has a debt-to-equity ratio of 23.79, a current ratio of 1.31 and a quick ratio of 1.35.

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

Insider Buying and Selling at Begbies Traynor Group

In other Begbies Traynor Group news, insider Mark Fry sold 112,000 shares of the firm'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. Corporate insiders own 26.47% 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.

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