Close Brothers Group plc (LON:CBG - Get Free Report) traded down 21.7% during trading on Tuesday . The company traded as low as GBX 258.20 ($3.33) and last traded at GBX 270.40 ($3.49). 8,381,713 shares changed hands during mid-day trading, an increase of 236% from the average session volume of 2,494,987 shares. The stock had previously closed at GBX 345.40 ($4.46).
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. Shore Capital reaffirmed a "buy" rating on shares of Close Brothers Group in a research note on Tuesday. Deutsche Bank Aktiengesellschaft cut their price objective on shares of 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.
View Our Latest Report on CBG
Close Brothers Group Stock Performance
The firm has a market cap of £427.45 million, a price-to-earnings ratio of 4.27, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The firm's 50 day moving average is GBX 309.75 and its 200-day moving average is GBX 312.81.
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) earnings per share (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, research analysts predict that Close Brothers Group plc will post 66.0070671 EPS for the current year.
Insiders Place Their Bets
In other news, insider Michael N. Biggs bought 5,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were purchased at an average price of GBX 288 ($3.72) per share, for a total transaction of £14,400 ($18,592.64). Company 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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