Shares of Close Brothers Group plc (LON:CBG - Get Free Report) were down 21.6% on Wednesday . The company traded as low as GBX 258.20 ($3.33) and last traded at GBX 270.80 ($3.50). Approximately 125,087,578 shares changed hands during trading, an increase of 2,586% from the average daily volume of 4,656,207 shares. The stock had previously closed at GBX 345.40 ($4.46).
Analyst Ratings Changes
A number of research analysts recently weighed in on CBG shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Close Brothers Group from GBX 610 ($7.88) to GBX 600 ($7.75) and set a "hold" rating on the stock in a report on Thursday, February 13th. Shore Capital reissued a "buy" rating on shares of Close Brothers Group in a report on Tuesday.
Read Our Latest Analysis on Close Brothers Group
Close Brothers Group Stock Up 3.5 %
The company has a market cap 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 company has a fifty day simple moving average of GBX 309.75 and a two-hundred day simple moving average of 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) earnings per share for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. On average, research analysts predict 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 acquired 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were acquired at an average price of GBX 288 ($3.72) per share, with a total value of £14,400 ($18,592.64). Corporate insiders own 2.91% of the company's stock.
Close Brothers Group Company Profile
(
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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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