Close Brothers Group (LON:CBG) Stock Price Up 7.5% - Still a Buy?

Shares of Close Brothers Group plc (LON:CBG - Get Free Report) were up 7.5% on Tuesday . The stock traded as high as GBX 367.80 ($4.97) and last traded at GBX 360 ($4.86). Approximately 1,232,797 shares were traded during trading, a decline of 34% from the average daily volume of 1,878,098 shares. The stock had previously closed at GBX 335 ($4.52).

Analyst Upgrades and Downgrades

CBG has been the topic of a number of research analyst reports. Shore Capital reiterated a "buy" rating on shares of Close Brothers Group in a report on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on Close Brothers Group from GBX 610 ($8.24) to GBX 600 ($8.10) and set a "hold" rating on the stock in a research note on Thursday, February 13th. Finally, Keefe, Bruyette & Woods reissued an "outperform" rating and set a GBX 430 ($5.81) target price on shares of Close Brothers Group in a research report on Thursday, March 27th.

Close Brothers Group Price Performance

The business's fifty day simple moving average is GBX 319.58 and its 200 day simple moving average is GBX 292.08. The stock has a market cap of £542.68 million, a price-to-earnings 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 announced its quarterly earnings results on Tuesday, March 18th. The company reported GBX 30.90 ($0.42) earnings per share for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. As a group, equities analysts forecast that Close Brothers Group plc will post 66.0070671 EPS for the current fiscal year.

Insiders Place Their Bets

In other Close Brothers Group news, insider Michael N. Biggs acquired 5,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were bought at an average price of GBX 288 ($3.89) per share, with a total value of £14,400 ($19,441.07). 2.91% of the stock is owned by 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.