Close Brothers Group plc (LON:CBG - Get Free Report)'s stock price was up 7.5% during mid-day trading on Tuesday . The company 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).
Analysts Set New Price Targets
CBG has been the topic of several research reports. Shore Capital reissued a "buy" rating on shares of Close Brothers Group in a research report on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Close Brothers Group from GBX 610 ($8.24) to GBX 600 ($8.10) and set a "hold" rating for the company in a research note on Thursday, February 13th. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a GBX 430 ($5.81) price objective on shares of Close Brothers Group in a research note on Thursday, March 27th.
Check Out Our Latest Research Report on Close Brothers Group
Close Brothers Group Stock Performance
The stock has a market capitalization of £542.68 million, a PE ratio of 5.43, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The business's 50-day moving average is GBX 319.58 and its two-hundred day moving average is GBX 292.08.
Close Brothers Group (LON:CBG - Get Free Report) last posted its quarterly earnings results on Tuesday, March 18th. The company reported GBX 30.90 ($0.42) earnings per share (EPS) for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. Equities analysts forecast that Close Brothers Group plc will post 66.0070671 EPS for the current year.
Insider Buying and Selling
In other news, insider Michael N. Biggs purchased 5,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was acquired at an average price of GBX 288 ($3.89) per share, for a total transaction of £14,400 ($19,441.07). 2.91% of the stock is currently owned by corporate insiders.
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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