Begbies Traynor Group (LON:BEG) Stock Price Crosses Above Two Hundred Day Moving Average - Should You 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 stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 101.28 ($1.34) 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 trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Berenberg Bank restated 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. Canaccord Genuity Group boosted their target price on shares of Begbies Traynor Group from GBX 153 ($2.03) to GBX 157 ($2.08) and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, Shore Capital reaffirmed a "house stock" rating on shares of Begbies Traynor Group in a research note on Tuesday, July 8th.

Begbies Traynor Group Stock Performance

The company has a debt-to-equity ratio of 23.79, a current ratio of 1.31 and a quick ratio of 1.35. The firm has a market capitalization of £192.66 million, a P/E ratio of 131.83, a P/E/G ratio of 2.95 and a beta of 0.37. The stock's 50 day moving average is GBX 112.10 and its two-hundred day moving average is GBX 101.34.

Begbies Traynor Group (LON:BEG - Get Free Report) last issued its earnings results on Tuesday, July 8th. The company reported GBX 11 ($0.15) EPS 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 analysts anticipate that Begbies Traynor Group plc will post 10.1495972 earnings per share for the current fiscal year.

Begbies Traynor Group Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, May 7th. Stockholders of record on Thursday, April 10th were issued a GBX 1.40 dividend. This represents a dividend yield of 151.0%. The ex-dividend date was Thursday, April 10th. Begbies Traynor Group's dividend payout ratio is 435.82%.

Insider Buying and Selling at Begbies Traynor Group

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 ($1.65), for a total value of £138,880 ($184,411.10). 26.47% of the stock is 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.