Shares of Close Brothers Group plc (LON:CBG - Get Free Report) were up 21.6% during trading on Tuesday . The company traded as high as GBX 301.19 ($3.72) and last traded at GBX 297.60 ($3.68). Approximately 38,613,809 shares were traded during mid-day trading, an increase of 530% from the average daily volume of 6,131,296 shares. The stock had previously closed at GBX 244.80 ($3.02).
Analyst Ratings Changes
A number of equities analysts have commented on CBG shares. Shore Capital restated a "buy" rating on shares of Close Brothers Group in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 610 ($7.53) price target on shares of Close Brothers Group in a research report on Friday, November 22nd. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Close Brothers Group presently has a consensus rating of "Buy" and an average target price of GBX 556.60 ($6.88).
Read Our Latest Research Report on CBG
Close Brothers Group Stock Down 2.9 %
The stock has a market cap of £449.66 million, a price-to-earnings ratio of 498.00, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The stock's 50 day moving average price is GBX 227.33 and its two-hundred day moving average price is GBX 362.32.
Insider Activity at Close Brothers Group
In related news, insider Mike Morgan sold 10,885 shares of the firm's stock in a transaction on Friday, December 13th. The shares were sold at an average price of GBX 241 ($2.98), for a total transaction of £26,232.85 ($32,402.24). 2.91% of the stock is 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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