Close Brothers Group plc (LON:CBG - Get Free Report)'s stock price shot up 7.5% during trading on Tuesday . The stock traded as high as GBX 367.80 ($5.01) and last traded at GBX 360 ($4.90). 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 ($4.56).
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Close Brothers Group from GBX 610 ($8.30) to GBX 600 ($8.17) and set a "hold" rating on the stock in a research report on Thursday, February 13th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a GBX 430 ($5.85) price objective on shares of Close Brothers Group in a research note on Thursday, March 27th. Finally, Shore Capital reaffirmed a "buy" rating on shares of Close Brothers Group in a research report on Wednesday, May 21st.
View Our Latest Stock Report on CBG
Close Brothers Group Stock Performance
The company's 50-day moving average price is GBX 323.26 and its 200-day moving average price is GBX 293.56. The firm has a market capitalization of £541.78 million, a PE ratio of 5.42, a PEG 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) earnings per share for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. As a group, analysts anticipate that Close Brothers Group plc will post 66.0070671 earnings per share for the current year.
Insider Activity
In related news, insider Michael N. Biggs acquired 5,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were bought at an average price of GBX 288 ($3.92) per share, for a total transaction of £14,400 ($19,605.17). Insiders own 2.91% of the company's stock.
Close Brothers Group Company Profile
(
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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