Shares of Close Brothers Group plc (LON:CBG - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 286.70 ($3.79) and traded as high as GBX 289.80 ($3.84). Close Brothers Group shares last traded at GBX 276.51 ($3.66), with a volume of 584,640 shares traded.
Analysts Set New Price Targets
CBG has been the topic of a number of research analyst reports. Shore Capital reissued a "buy" rating on shares of Close Brothers Group in a research report on Tuesday, March 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on Close Brothers Group from GBX 610 ($8.07) to GBX 600 ($7.94) and set a "hold" rating for the company in a report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods reissued an "outperform" rating and issued a GBX 430 ($5.69) price target on shares of Close Brothers Group in a research report on Thursday, March 27th.
View Our Latest Stock Analysis on CBG
Close Brothers Group Trading Down 1.2 %
The business's fifty day moving average is GBX 310.69 and its 200 day moving average is GBX 283.05. The company has a market cap of £443.77 million, a P/E ratio of 4.44, a PEG 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 ($0.41) EPS for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. As a group, research analysts expect 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 purchased 5,000 shares of Close Brothers Group stock in a transaction dated Wednesday, March 19th. The stock was purchased at an average cost of GBX 288 ($3.81) per share, for a total transaction of £14,400 ($19,057.70). Insiders own 2.91% of the company's stock.
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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