Close Brothers Group plc (LON:CBG - Get Free Report)'s share price was up 18.9% during mid-day trading on Tuesday . The company traded as high as GBX 303.96 ($3.75) and last traded at GBX 291.05 ($3.59). Approximately 39,303,023 shares changed hands during trading, an increase of 536% from the average daily volume of 6,178,042 shares. The stock had previously closed at GBX 244.80 ($3.02).
Wall Street Analysts Forecast Growth
A number of research firms recently commented on CBG. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 610 ($7.52) target price on shares of Close Brothers Group in a research report on Friday, November 22nd. Shore Capital reaffirmed a "buy" rating on shares of Close Brothers Group in a research note on Tuesday, January 7th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Close Brothers Group currently has an average rating of "Buy" and an average target price of GBX 556.60 ($6.86).
Check Out Our Latest Stock Analysis on Close Brothers Group
Close Brothers Group Stock Performance
The firm has a market capitalization of £447.86 million, a P/E ratio of 496.00, a P/E/G ratio of 1.87 and a beta of 0.82. The stock's 50 day simple moving average is GBX 223.28 and its 200 day simple moving average is GBX 364.62.
Insider Activity
In other Close Brothers Group news, insider Mike Morgan sold 10,885 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of GBX 241 ($2.97), for a total value of £26,232.85 ($32,346.30). Company insiders own 2.91% of the company's stock.
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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