Close Brothers Group plc (LON:CBG - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 330.95 ($4.23) and traded as high as GBX 336.60 ($4.31). Close Brothers Group shares last traded at GBX 331 ($4.23), with a volume of 12,552,805 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on CBG shares. Deutsche Bank Aktiengesellschaft cut their price objective on Close Brothers Group from GBX 610 ($7.80) to GBX 600 ($7.68) and set a "hold" rating for the company in a research report on Thursday, February 13th. Shore Capital restated a "buy" rating on shares of Close Brothers Group in a report on Monday.
Check Out Our Latest Stock Report on Close Brothers Group
Close Brothers Group Price Performance
The company's 50-day simple moving average is GBX 286.73 and its 200 day simple moving average is GBX 326.86. The firm has a market cap of £516.77 million, a P/E ratio of 5.17, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82.
Insider Activity at Close Brothers Group
In related news, insider Mike Morgan sold 10,885 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of GBX 241 ($3.08), for a total transaction of £26,232.85 ($33,558.72). 2.91% of the stock is 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.
Featured Articles
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
