Close Brothers Group (LON:CBG) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Close Brothers Group plc shares recently crossed above their 200-day moving average, reaching a high of GBX 500 ($6.71) during trading.
• Analysts have mixed ratings on the stock, with two recommending a Buy and five suggesting a Hold, while the consensus price target stands at approximately GBX 460.71.
• For the most recent quarter, Close Brothers Group reported earnings per share of GBX 59.30 and has a net margin of 7.79% with an expected annual EPS of about 66.00.

Shares of Close Brothers Group plc (LON:CBG - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 393.48 ($5.28) and traded as high as GBX 500 ($6.71). Close Brothers Group shares last traded at GBX 497 ($6.67), with a volume of 1,299,409 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CBG shares. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 463 price target on shares of Close Brothers Group in a research report on Monday, August 4th. Shore Capital reaffirmed a "hold" rating on shares of Close Brothers Group in a research report on Tuesday, September 30th. UBS Group reissued a "neutral" rating and set a GBX 535 target price on shares of Close Brothers Group in a research report on Monday, September 15th. Royal Bank Of Canada reduced their target price on shares of Close Brothers Group from GBX 525 to GBX 500 and set a "sector perform" rating on the stock in a research report on Friday, October 3rd. Finally, Peel Hunt reissued a "hold" rating and set a GBX 327 target price on shares of Close Brothers Group in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, Close Brothers Group currently has an average rating of "Hold" and a consensus price target of GBX 460.71.

Close Brothers Group Price Performance

The firm has a market capitalization of £760.90 million, a price-to-earnings ratio of -755.61, a PEG ratio of 1.87 and a beta of 0.82. The business's 50-day moving average price is GBX 488.97 and its 200 day moving average price is GBX 393.48.

Close Brothers Group (LON:CBG - Get Free Report) last posted its quarterly earnings results on Tuesday, September 30th. The company reported GBX 59.30 earnings per share (EPS) for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. As a group, sell-side analysts expect that Close Brothers Group plc will post 66.0070671 earnings per share for the current year.

Close Brothers Group Company Profile

Close Brothers Group plc, a merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Asset Management, and Securities. The company offers banking services comprising of debt factoring, invoice discounting, asset-based lending; financing for SMEs, residential housing, transport, industrial equipment, renewable energy, motorcycle, used car, and commercial vehicle financing; insurance, refurbishment, and bridging financing, savings products for individuals and corporates, hire purchase, lease, and loan related services.

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