Close Brothers Group plc (LON:CBG - Get Free Report) shot up 7.5% on Tuesday . The stock traded as high as GBX 367.80 ($4.97) and last traded at GBX 360 ($4.86). 1,232,797 shares were traded during mid-day trading, a decline of 34% from the average session volume of 1,878,098 shares. The stock had previously closed at GBX 335 ($4.52).
Analyst Upgrades and Downgrades
Several research firms recently issued reports on CBG. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Close Brothers Group from GBX 610 ($8.24) to GBX 600 ($8.10) and set a "hold" rating on the stock in a research note on Thursday, February 13th. Shore Capital reissued a "buy" rating on shares of Close Brothers Group in a research report on Wednesday, May 21st. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a GBX 430 ($5.81) price target on shares of Close Brothers Group in a report on Thursday, March 27th.
Get Our Latest Stock Analysis on CBG
Close Brothers Group Stock Up 0.1%
The stock's 50 day moving average is GBX 319.58 and its 200 day moving average is GBX 292.08. The firm has a market cap of £542.68 million, a price-to-earnings 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 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%. Analysts anticipate that Close Brothers Group plc will post 66.0070671 earnings per share 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 company's stock in a transaction dated Wednesday, March 19th. The shares were bought at an average price of GBX 288 ($3.89) per share, for a total transaction of £14,400 ($19,441.07). 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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