Close Brothers Group plc (LON:CBG - Get Free Report) shares rose 7.5% during mid-day trading on Tuesday . The stock traded as high as GBX 367.80 ($4.99) and last traded at GBX 360 ($4.88). Approximately 1,232,797 shares traded hands during trading, a decline of 34% from the average daily volume of 1,878,098 shares. The stock had previously closed at GBX 335 ($4.54).
Wall Street Analyst Weigh In
Several brokerages recently weighed in on CBG. Shore Capital reaffirmed a "buy" rating on shares of Close Brothers Group in a research note on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft dropped their target price on Close Brothers Group from GBX 610 ($8.27) to GBX 600 ($8.13) and set a "hold" rating on the stock in a report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods reissued an "outperform" rating and issued a GBX 430 ($5.83) target price on shares of Close Brothers Group in a report on Thursday, March 27th.
View Our Latest Research Report on CBG
Close Brothers Group Stock Performance
The company's 50-day moving average price is GBX 321.46 and its 200 day moving average price is GBX 292.55. The stock has a market cap of £542.68 million, a PE ratio of 5.43, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82.
Close Brothers Group (LON:CBG - Get Free Report) last issued its quarterly earnings data on Tuesday, March 18th. The company reported GBX 30.90 ($0.42) earnings per share for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. On average, sell-side analysts anticipate that Close Brothers Group plc will post 66.0070671 earnings per share for the current fiscal year.
Insider Transactions at Close Brothers Group
In other Close Brothers Group news, insider Michael N. Biggs bought 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were bought at an average price of GBX 288 ($3.90) per share, with a total value of £14,400 ($19,520.13). 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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