Close Brothers Group plc (LON:CBG - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 280.43 ($3.79) and traded as high as GBX 352.20 ($4.76). Close Brothers Group shares last traded at GBX 341.60 ($4.62), with a volume of 761,814 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Close Brothers Group from GBX 610 ($8.24) to GBX 600 ($8.11) and set a "hold" rating on the stock in a research note on Thursday, February 13th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a GBX 430 ($5.81) price objective on shares of Close Brothers Group in a report on Thursday, March 27th. Finally, Shore Capital reaffirmed a "buy" rating on shares of Close Brothers Group in a report on Wednesday, May 21st.
Read Our Latest Report on CBG
Close Brothers Group Stock Performance
The firm's 50-day simple moving average is GBX 311.65 and its 200 day simple moving average is GBX 283.94. The company has a market cap of £503.21 million, a P/E ratio of 5.03, a PEG ratio of 1.87 and a beta of 0.82.
Close Brothers Group (LON:CBG - Get Free Report) last released its earnings results on Tuesday, March 18th. The company reported GBX 30.90 ($0.42) earnings per share (EPS) for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. As a group, research analysts forecast that Close Brothers Group plc will post 66.0070671 earnings per share for the current year.
Insiders Place Their Bets
In other Close Brothers Group news, insider Michael N. Biggs purchased 5,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was bought at an average cost of GBX 288 ($3.89) per share, for a total transaction of £14,400 ($19,459.46). Company insiders own 2.91% of the company's stock.
About Close Brothers Group
(
Get Free Report)
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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