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

Close Brothers Group plc (LON:CBG - Get Free Report)'s share price shot up 7.5% during trading on Wednesday . The stock traded as high as GBX 367.80 ($4.99) and last traded at GBX 360 ($4.89). 1,232,797 shares traded hands during trading, a decline of 34% from the average session volume of 1,878,098 shares. The stock had previously closed at GBX 335 ($4.55).

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CBG. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a GBX 430 ($5.84) target price on shares of Close Brothers Group in a research report on Thursday, March 27th. Shore Capital reiterated a "buy" rating on shares of Close Brothers Group in a research report on Wednesday, May 21st.

Close Brothers Group Stock Performance

The company has a market capitalization of £541.78 million, a price-to-earnings ratio of 5.42, a P/E/G ratio of 1.87 and a beta of 0.82. The stock's fifty day simple moving average is GBX 324.82 and its two-hundred day simple moving average is GBX 295.18.

Close Brothers Group (LON:CBG - Get Free Report) last issued 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 net margin of 7.79% and a return on equity of 5.78%. On average, equities analysts anticipate that Close Brothers Group plc will post 66.0070671 EPS for the current fiscal year.

Insider Buying and Selling at Close Brothers Group

In other news, insider Michael N. Biggs acquired 5,000 shares of Close Brothers Group stock in a transaction on Wednesday, March 19th. The stock was bought at an average cost of GBX 288 ($3.91) per share, with a total value of £14,400 ($19,551.93). 2.91% of the stock is owned by corporate 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.