Close Brothers Group plc (LON:CBG - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 282.45 ($3.75) and traded as high as GBX 302.40 ($4.01). Close Brothers Group shares last traded at GBX 295.40 ($3.92), with a volume of 487,791 shares traded.
Analysts Set New Price Targets
CBG has been the topic of a number of recent analyst reports. Shore Capital restated a "buy" rating on shares of Close Brothers Group in a report on Tuesday, March 18th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a GBX 430 ($5.71) target price on shares of Close Brothers Group in a report on Thursday, March 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Close Brothers Group from GBX 610 ($8.10) to GBX 600 ($7.96) and set a "hold" rating for the company in a research report on Thursday, February 13th.
View Our Latest Stock Report on CBG
Close Brothers Group Stock Performance
The business's 50 day simple moving average is GBX 303.72 and its 200-day simple moving average is GBX 279.98. The company has a market cap of £455.00 million, a price-to-earnings ratio of 4.55, 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 quarterly earnings results on Tuesday, March 18th. The company reported GBX 30.90 ($0.41) earnings per share (EPS) for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. Research analysts expect that Close Brothers Group plc will post 66.0070671 earnings per share for the current year.
Insider Transactions at Close Brothers Group
In related news, insider Michael N. Biggs purchased 5,000 shares of Close Brothers Group stock in a transaction on Wednesday, March 19th. The stock was bought at an average price of GBX 288 ($3.82) per share, with a total value of £14,400 ($19,110.82). 2.91% of the stock is currently owned by company insiders.
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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