Close Brothers Group plc (LON:CBG - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 291.60 ($3.96) and traded as high as GBX 335 ($4.55). Close Brothers Group shares last traded at GBX 335 ($4.55), with a volume of 469,529 shares traded.
Analysts Set New Price Targets
Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft cut their price target on Close Brothers Group from GBX 610 ($8.28) to GBX 600 ($8.14) and set a "hold" rating on the stock in a research report on Thursday, February 13th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a GBX 430 ($5.83) price objective on shares of Close Brothers Group in a report on Thursday, March 27th. Finally, Shore Capital reaffirmed a "buy" rating on shares of Close Brothers Group in a report on Wednesday, May 21st.
Read Our Latest Stock Report on Close Brothers Group
Close Brothers Group Price Performance
The stock has a 50-day simple moving average of GBX 324.82 and a 200 day simple moving average of GBX 294.61. The company has a market capitalization of £541.78 million, a PE ratio of 5.42, a P/E/G ratio of 1.87 and a beta of 0.82.
Close Brothers Group (LON:CBG - Get Free Report) last posted its earnings results on Tuesday, March 18th. The company reported GBX 30.90 ($0.42) EPS for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. As a group, research analysts predict that Close Brothers Group plc will post 66.0070671 EPS for the current fiscal year.
Insider Activity
In related news, insider Michael N. Biggs acquired 5,000 shares of Close Brothers Group stock in a transaction dated Wednesday, March 19th. The shares were acquired at an average cost of GBX 288 ($3.91) per share, for a total transaction of £14,400 ($19,538.67). 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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