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Close Brothers Group (LON:CBG) Shares Pass Above 200-Day Moving Average - What's Next?

Close Brothers Group logo with Financial Services background

Shares of Close Brothers Group plc (LON:CBG - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 318.98 ($4.28) and traded as high as GBX 405 ($5.43). Close Brothers Group shares last traded at GBX 396.40 ($5.32), with a volume of 438,738 shares trading hands.

Analysts Set New Price Targets

CBG has been the subject of a number of research analyst reports. Shore Capital reiterated a "hold" rating and issued a GBX 370 ($4.96) target price on shares of Close Brothers Group in a report on Wednesday, July 9th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a GBX 430 ($5.77) price objective on shares of Close Brothers Group in a research note on Thursday, March 27th.

Get Our Latest Report on CBG

Close Brothers Group Trading Up 1.4%

The company has a market cap of £618.32 million, a PE ratio of 6.18, a PEG ratio of 1.87 and a beta of 0.82. The stock has a 50 day moving average price of GBX 364.14 and a 200 day moving average price of GBX 322.55.

Close Brothers Group Company Profile

(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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