Close Brothers Group (LON:CBG) Stock Passes Below 200 Day Moving Average - What's Next?

Key Points

• Close Brothers Group stock crossed below its 200‑day moving average (200‑day MA GBX 461.71) and last traded at GBX 389.60 on Tuesday, a bearish technical signal on heavy volume.
• Sell‑side analysts are largely positive — seven Buys and one Hold produce a consensus "Moderate Buy" with an average target of GBX 505, and several firms recently raised targets (RBC GBX 625, Deutsche Bank GBX 570, UBS GBX 555).
• Fundamentals are mixed: market cap £698.5m with a recent quarterly EPS of GBX 27.10, but the company shows a negative P/E (-13.14), negative net margin (-4.66%) and negative ROE; an insider also bought shares at GBX 507.

Close Brothers Group plc (LON:CBG - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 461.71 and traded as low as GBX 383.80. Close Brothers Group shares last traded at GBX 389.60, with a volume of 771,190 shares.

Analysts Set New Price Targets

Several research analysts have recently commented on CBG shares. Deutsche Bank Aktiengesellschaft lifted their target price on Close Brothers Group from GBX 550 to GBX 570 and gave the stock a "buy" rating in a research note on Friday, January 23rd. Royal Bank Of Canada upgraded Close Brothers Group to an "outperform" rating and boosted their price target for the company from GBX 475 to GBX 625 in a research note on Friday, January 16th. UBS Group upgraded Close Brothers Group to a "buy" rating and set a GBX 555 price target for the company in a research note on Friday, March 27th. Finally, Shore Capital Group upgraded Close Brothers Group to a "buy" rating in a research note on Friday, March 20th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 505.

Close Brothers Group Trading Up 19.1%

The company has a 50 day moving average of GBX 446.23 and a 200-day moving average of GBX 461.71. The firm has a market capitalization of £698.54 million, a P/E ratio of -13.14, a P/E/G ratio of 1.87 and a beta of 1.23.

Close Brothers Group (LON:CBG - Get Free Report) last released its quarterly earnings results on Tuesday, March 17th. The company reported GBX 27.10 earnings per share (EPS) for the quarter. Close Brothers Group had a negative return on equity of 2.03% and a negative net margin of 4.66%. As a group, sell-side analysts forecast that Close Brothers Group plc will post 66.0070671 EPS for the current fiscal year.

Insider Transactions at Close Brothers Group

In other news, insider Mike Morgan purchased 2,841 shares of Close Brothers Group stock in a transaction that occurred on Monday, January 12th. The stock was acquired at an average cost of GBX 507 per share, for a total transaction of £14,403.87. 2.19% of the stock is owned by company insiders.

Close Brothers Group Company Profile

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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