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Close Brothers Group (LON:CBG) Shares Cross Above 200-Day Moving Average - Time to Sell?

Close Brothers Group logo with Financial Services background

Close Brothers Group plc (LON:CBG - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 309.79 ($4.21) and traded as high as GBX 400.92 ($5.45). Close Brothers Group shares last traded at GBX 398.40 ($5.42), with a volume of 1,114,584 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CBG shares. Shore Capital reaffirmed a "buy" rating on shares of Close Brothers Group in a research note on Wednesday, May 21st. Keefe, Bruyette & Woods restated an "outperform" rating and set a GBX 430 ($5.85) price objective on shares of Close Brothers Group in a research report on Thursday, March 27th.

Get Our Latest Stock Report on CBG

Close Brothers Group Price Performance

The company's fifty day moving average is GBX 352.74 and its 200-day moving average is GBX 312.65. The stock has a market cap of £619.52 million, a PE ratio of 6.20, a PEG ratio of 1.87 and a beta of 0.82.

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.

Further Reading

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