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

Key Points

• Begbies Traynor Group's stock price has recently crossed above its 200-day moving average, currently trading at GBX 121 ($1.61) with strong trading volume.
• Research analysts are optimistic, with Canaccord Genuity increasing their price target to GBX 157 ($2.08) and maintaining a "buy" rating.
• The company has announced a dividend cut with a high payout ratio of 435.82%, despite a recent dividend yield of 151.0%.

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 101.28 ($1.35) and traded as high as GBX 122 ($1.62). Begbies Traynor Group shares last traded at GBX 121 ($1.61), with a volume of 1,288,180 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Berenberg Bank reiterated a "buy" rating and issued a GBX 150 ($1.99) price target on shares of Begbies Traynor Group in a research report on Wednesday, July 9th. Shore Capital reiterated a "house stock" rating on shares of Begbies Traynor Group in a research report on Tuesday, July 8th. Finally, Canaccord Genuity Group boosted their price target on shares of Begbies Traynor Group from GBX 153 ($2.03) to GBX 157 ($2.09) and gave the stock a "buy" rating in a research report on Tuesday, July 8th.

Begbies Traynor Group Stock Performance

The company has a fifty day simple moving average of GBX 113.01 and a 200-day simple moving average of GBX 101.65. The company has a current ratio of 1.31, a quick ratio of 1.35 and a debt-to-equity ratio of 23.79. The stock has a market cap of £193.46 million, a price-to-earnings ratio of 132.38, a P/E/G ratio of 2.95 and a beta of 0.37.

Begbies Traynor Group (LON:BEG - Get Free Report) last released its earnings results on Tuesday, July 8th. The company reported GBX 11 ($0.15) earnings per share for the quarter. Begbies Traynor Group had a return on equity of 1.83% and a net margin of 1.06%. On average, research analysts forecast that Begbies Traynor Group plc will post 10.1495972 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Begbies Traynor Group news, insider Mark Fry sold 112,000 shares of Begbies Traynor Group stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of GBX 124 ($1.65), for a total transaction of £138,880 ($184,656.30). 26.47% 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.