Close Brothers Group (LON:CBG) Trading 21.1% Higher - What's Next?

Close Brothers Group plc (LON:CBG - Get Free Report)'s stock price rose 21.1% on Monday . The stock traded as high as GBX 533 ($7.08) and last traded at GBX 481.88 ($6.40). Approximately 50,275,012 shares traded hands during mid-day trading, an increase of 2,570% from the average daily volume of 1,882,935 shares. The stock had previously closed at GBX 397.80 ($5.28).

Wall Street Analysts Forecast Growth

CBG has been the topic of several analyst reports. Peel Hunt reaffirmed a "hold" rating and issued a GBX 327 ($4.34) target price on shares of Close Brothers Group in a report on Friday, July 25th. Shore Capital reaffirmed a "hold" rating and issued a GBX 370 ($4.91) target price on shares of Close Brothers Group in a report on Friday, July 25th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of GBX 469.40 ($6.23).

Close Brothers Group Stock Up 21.0%

The stock has a market cap of £725.29 million, a PE ratio of 7.25, a P/E/G ratio of 1.87 and a beta of 0.82. The business's fifty day moving average is GBX 376.05 and its 200 day moving average is GBX 335.20.

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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