Close Brothers Group plc (LON:CBG - Get Free Report)'s share price shot up 7.5% during trading on Tuesday . The stock traded as high as GBX 367.80 ($4.99) and last traded at GBX 360 ($4.88). 1,232,797 shares traded hands 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 ($4.54).
Analyst Ratings Changes
Several brokerages have commented on CBG. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a GBX 430 ($5.83) price objective on shares of Close Brothers Group in a research report on Thursday, March 27th. Shore Capital reaffirmed a "buy" rating on shares of Close Brothers Group in a research report on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Close Brothers Group from GBX 610 ($8.27) to GBX 600 ($8.13) and set a "hold" rating on the stock in a research report on Thursday, February 13th.
Check Out Our Latest Research Report on CBG
Close Brothers Group Trading Up 0.1%
The business has a 50-day moving average price of GBX 321.46 and a 200-day moving average price of GBX 292.55. The firm has a market cap of £542.68 million, a P/E ratio of 5.43, 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 quarterly 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 return on equity of 5.78% and a net margin of 7.79%. On average, equities 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 news, insider Michael N. Biggs acquired 5,000 shares of Close Brothers Group stock in a transaction dated Wednesday, March 19th. The stock was purchased at an average cost of GBX 288 ($3.90) per share, for a total transaction of £14,400 ($19,520.13). Corporate 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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