Close Brothers Group plc (LON:CBG - Get Free Report)'s share price dropped 11.7% during trading on Tuesday . The company traded as low as GBX 281.40 ($3.65) and last traded at GBX 305 ($3.95). Approximately 1,463,577 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 2,366,874 shares. The stock had previously closed at GBX 345.40 ($4.48).
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on CBG. Shore Capital reiterated a "buy" rating on shares of Close Brothers Group in a research report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Close Brothers Group from GBX 610 ($7.91) to GBX 600 ($7.78) and set a "hold" rating for the company in a research report on Thursday, February 13th.
Check Out Our Latest Research Report on CBG
Close Brothers Group Stock Up 3.5 %
The company has a market cap of £427.45 million, a P/E ratio of 4.27, a P/E/G ratio of 1.87 and a beta of 0.82. The business has a fifty day moving average of GBX 308.27 and a 200 day moving average of GBX 313.01.
Close Brothers Group (LON:CBG - Get Free Report) last posted its earnings results on Tuesday, March 18th. The company reported GBX 30.90 ($0.40) EPS for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. On average, sell-side analysts anticipate that Close Brothers Group plc will post 66.0070671 EPS for the current fiscal year.
Insider Buying and Selling
In other Close Brothers Group news, insider Michael N. Biggs purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was bought at an average cost of GBX 288 ($3.73) per share, with a total value of £14,400 ($18,672.20). 2.91% of the stock is owned by 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.
Further Reading
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