Shares of Close Brothers Group plc (LON:CBG - Get Free Report) dropped 21.6% on Wednesday . The company traded as low as GBX 258.20 ($3.33) and last traded at GBX 270.80 ($3.50). Approximately 125,087,578 shares were traded during trading, an increase of 2,586% from the average daily volume of 4,656,207 shares. The stock had previously closed at GBX 345.40 ($4.46).
Analyst Upgrades and Downgrades
CBG has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Close Brothers Group from GBX 610 ($7.88) to GBX 600 ($7.75) and set a "hold" rating on the stock in a research report on Thursday, February 13th. Shore Capital restated a "buy" rating on shares of Close Brothers Group in a research report on Tuesday.
View Our Latest Research Report on Close Brothers Group
Close Brothers Group Trading Up 3.5 %
The business has a 50-day moving average of GBX 309.75 and a two-hundred day moving average of GBX 312.81. The firm has a market cap of £427.45 million, a P/E ratio of 4.27, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82.
Close Brothers Group (LON:CBG - Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The company reported GBX 30.90 ($0.40) EPS for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. As a group, equities analysts expect that Close Brothers Group plc will post 66.0070671 EPS for the current year.
Insider Buying and Selling at Close Brothers Group
In other Close Brothers Group news, insider Michael N. Biggs bought 5,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were bought at an average price of GBX 288 ($3.72) per share, for a total transaction of £14,400 ($18,592.64). Corporate insiders own 2.91% of the company's stock.
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.
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