Close Brothers Group plc (LON:CBG - Get Free Report) shares traded down 22.2% during trading on Tuesday . The stock traded as low as GBX 265.20 ($3.42) and last traded at GBX 268.80 ($3.47). 6,452,280 shares changed hands during mid-day trading, an increase of 162% from the average session volume of 2,459,257 shares. The stock had previously closed at GBX 345.40 ($4.46).
Wall Street Analyst Weigh In
CBG has been the subject 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. Deutsche Bank Aktiengesellschaft decreased their target price on 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.
Read Our Latest Stock Report on CBG
Close Brothers Group Stock Performance
The firm has a market capitalization 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 price is GBX 309.75 and its two-hundred day moving average price is GBX 312.81.
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 return on equity of 5.78% and a net margin of 7.79%. As a group, equities research analysts anticipate that Close Brothers Group plc will post 66.0070671 EPS for the current year.
Insider Activity at Close Brothers Group
In related news, insider Michael N. Biggs bought 5,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was bought at an average cost of GBX 288 ($3.72) per share, for a total transaction of £14,400 ($18,592.64). 2.91% of the stock is currently owned by company 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.
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