Close Brothers Group plc (LON:CBG - Get Free Report)'s stock price 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 ($3.81) and traded as high as GBX 352.20 ($4.78). Close Brothers Group shares last traded at GBX 341.60 ($4.64), with a volume of 761,814 shares traded.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on CBG shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Close Brothers Group from GBX 610 ($8.28) to GBX 600 ($8.14) and set a "hold" rating for the company in a research report on Thursday, February 13th. Shore Capital restated a "buy" rating on shares of Close Brothers Group in a research report on Wednesday, May 21st. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and issued a GBX 430 ($5.83) price objective on shares of Close Brothers Group in a research report on Thursday, March 27th.
View Our Latest Stock Analysis on Close Brothers Group
Close Brothers Group Stock Up 0.4%
The firm has a market capitalization of £519.18 million, a P/E ratio of 5.19, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The firm's 50-day simple moving average is GBX 310.24 and its 200-day simple moving average is GBX 282.97.
Close Brothers Group (LON:CBG - Get Free Report) last announced 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 net margin of 7.79% and a return on equity of 5.78%. As a group, analysts expect that Close Brothers Group plc will post 66.0070671 EPS for the current fiscal year.
Insiders Place Their Bets
In other Close Brothers Group news, insider Michael N. Biggs purchased 5,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were purchased at an average cost of GBX 288 ($3.91) per share, with a total value of £14,400 ($19,538.67). 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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