Close Brothers Group plc (LON:CBG - Get Free Report)'s stock price dropped 20.3% during trading on Tuesday . The stock traded as low as GBX 272.80 ($3.52) and last traded at GBX 275.20 ($3.55). Approximately 3,477,808 shares changed hands during mid-day trading, an increase of 45% from the average daily volume of 2,404,174 shares. The stock had previously closed at GBX 345.40 ($4.46).
Analyst Ratings Changes
CBG has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Close Brothers Group from GBX 610 ($7.88) to GBX 600 ($7.75) and set a "hold" rating for the company in a research note on Thursday, February 13th. Shore Capital reaffirmed a "buy" rating on shares of Close Brothers Group in a research note on Tuesday.
View Our Latest Analysis on CBG
Close Brothers Group Price Performance
The company's 50-day moving average price is GBX 309.75 and its 200-day moving average price is GBX 312.81. 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.
Close Brothers Group (LON:CBG - Get Free Report) last issued its quarterly earnings data on Tuesday, March 18th. The company reported GBX 30.90 ($0.40) 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%. On average, equities research analysts predict that Close Brothers Group plc will post 66.0070671 EPS for the current year.
Insider Activity at Close Brothers Group
In other Close Brothers Group news, insider Michael N. Biggs bought 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was acquired at an average price of GBX 288 ($3.72) per share, with a total value of £14,400 ($18,592.64). 2.91% of the stock is owned by insiders.
Close Brothers Group Company Profile
(
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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.
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