Close Brothers Group plc (LON:CBG - Get Free Report)'s share price traded up 21% during mid-day trading on Monday . The company traded as high as GBX 533 ($7.17) and last traded at GBX 481.29 ($6.47). 51,506,008 shares changed hands during mid-day trading, an increase of 2,623% from the average session volume of 1,891,501 shares. The stock had previously closed at GBX 397.80 ($5.35).
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. Peel Hunt reiterated a "hold" rating and issued a GBX 327 ($4.40) price target on shares of Close Brothers Group in a research note on Friday, July 25th. Shore Capital restated a "hold" rating and set a GBX 370 ($4.98) price objective on shares of Close Brothers Group in a research report on Friday, July 25th. Finally, Canaccord Genuity Group restated a "buy" rating and set a GBX 463 ($6.23) price objective on shares of Close Brothers Group in a research report on Monday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of GBX 468.33 ($6.30).
Read Our Latest Report on Close Brothers Group
Close Brothers Group Stock Performance
The firm's 50-day moving average is GBX 390.45 and its 200 day moving average is GBX 342.23. The stock has a market cap of £829.39 million, a PE ratio of 8.29, a P/E/G ratio of 1.87 and a beta of 0.82.
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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