Close Brothers Group plc (LON:CBG - Get Free Report) traded up 7.5% during mid-day trading on Wednesday . The company traded as high as GBX 367.80 ($4.99) and last traded at GBX 360 ($4.88). 1,232,797 shares were traded during 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).
Wall Street Analyst Weigh In
A number of brokerages have commented on CBG. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a GBX 430 ($5.83) target price on shares of Close Brothers Group in a report on Thursday, March 27th. Shore Capital restated a "buy" rating on shares of Close Brothers Group in a research report on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft dropped 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 note on Thursday, February 13th.
Check Out Our Latest Stock Analysis on Close Brothers Group
Close Brothers Group Trading Up 0.6%
The stock has a 50 day simple moving average of GBX 321.46 and a 200 day simple moving average of GBX 292.55. The stock has a market cap of £546.00 million, a P/E ratio of 5.46, 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 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%. Equities analysts anticipate that Close Brothers Group plc will post 66.0070671 earnings per share for the current year.
Insiders Place Their Bets
In other news, insider Michael N. Biggs bought 5,000 shares of Close Brothers Group stock in a transaction that occurred on Wednesday, March 19th. The stock was bought at an average cost of GBX 288 ($3.90) per share, with a total value 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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