Close Brothers Group plc (LON:CBG - Get Free Report) traded up 5.9% during mid-day trading on Thursday . The company traded as high as GBX 293 ($3.78) and last traded at GBX 292.80 ($3.77). 442,840 shares changed hands during trading, a decline of 81% from the average session volume of 2,359,436 shares. The stock had previously closed at GBX 276.40 ($3.56).
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Close Brothers Group from GBX 610 ($7.86) to GBX 600 ($7.73) and set a "hold" rating for the company in a report on Thursday, February 13th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a GBX 430 ($5.54) price target on shares of Close Brothers Group in a research report on Thursday, March 27th. Finally, Shore Capital restated a "buy" rating on shares of Close Brothers Group in a report on Tuesday, March 18th.
Read Our Latest Stock Analysis on Close Brothers Group
Close Brothers Group Trading Up 2.1 %
The business has a 50 day simple moving average of GBX 316.65 and a 200-day simple moving average of GBX 292.25. The stock has a market capitalization of £409.80 million, a price-to-earnings ratio of 4.10, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82.
Close Brothers Group (LON:CBG - Get Free Report) last announced its quarterly earnings data on Tuesday, March 18th. The company reported GBX 30.90 ($0.40) earnings per share (EPS) for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. Research analysts predict that Close Brothers Group plc will post 66.0070671 EPS for the current year.
Insider Activity at Close Brothers Group
In other news, insider Michael N. Biggs bought 5,000 shares of Close Brothers Group stock in a transaction dated Wednesday, March 19th. The shares were acquired at an average cost of GBX 288 ($3.71) per share, with a total value of £14,400 ($18,561.48). 2.91% of the stock is currently owned by 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.
Recommended Stories
Before you consider Close Brothers Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Close Brothers Group wasn't on the list.
While Close Brothers Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
