Begbies Traynor Group (LON:BEG) Stock Passes Below 200-Day Moving Average – What’s Next?

Begbies Traynor Group plc (LON:BEG)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 112.40 and traded as low as GBX 109. Begbies Traynor Group shares last traded at GBX 110.50, with a volume of 206,961 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BEG shares. Shore Capital reaffirmed a “house stock” rating on shares of Begbies Traynor Group in a research note on Friday, September 19th. Berenberg Bank restated a “buy” rating and issued a GBX 150 price objective on shares of Begbies Traynor Group in a report on Tuesday, September 2nd. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 157 price objective on shares of Begbies Traynor Group in a research note on Thursday, September 18th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 152.33.

Begbies Traynor Group Stock Up 3.1%

The business’s 50-day moving average is GBX 114.64 and its two-hundred day moving average is GBX 112.55. The firm has a market capitalization of £184.11 million, a price-to-earnings ratio of 30.39, a P/E/G ratio of 2.95 and a beta of 0.37. The company has a debt-to-equity ratio of 23.79, a quick ratio of 1.35 and a current ratio of 1.31.

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.