Close Brothers Group plc (LON:CBG - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 322.67 ($4.18) and traded as high as GBX 342.20 ($4.43). Close Brothers Group shares last traded at GBX 331.20 ($4.29), with a volume of 683,200 shares changing hands.
Analysts Set New Price Targets
Several brokerages have weighed in on CBG. Deutsche Bank Aktiengesellschaft dropped their price objective on Close Brothers Group from GBX 610 ($7.90) to GBX 600 ($7.77) and set a "hold" rating for the company in a report on Thursday, February 13th. Shore Capital restated a "buy" rating on shares of Close Brothers Group in a research note on Monday, March 3rd.
Check Out Our Latest Report on Close Brothers Group
Close Brothers Group Stock Performance
The company's 50 day moving average is GBX 294.96 and its 200 day moving average is GBX 322.67. The firm has a market cap of £500.50 million, a P/E ratio of 5.01, a P/E/G ratio of 1.87 and a beta of 0.82.
Insider Activity at Close Brothers Group
In other Close Brothers Group news, insider Mike Morgan sold 10,885 shares of the company's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of GBX 241 ($3.12), for a total value of £26,232.85 ($33,962.78). 2.91% of the stock is currently owned by company insiders.
About Close Brothers Group
(
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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.
Further Reading
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