Close Brothers Group plc (LON:CBG - Get Free Report) shares dropped 21.6% during mid-day trading on Wednesday . The stock 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).
Analysts Set New Price Targets
CBG has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut their price target on Close Brothers Group from GBX 610 ($7.88) to GBX 600 ($7.75) and set a "hold" rating on the stock in a research note on Thursday, February 13th. Shore Capital reaffirmed a "buy" rating on shares of Close Brothers Group in a research note on Tuesday.
Check Out Our Latest Analysis on CBG
Close Brothers Group Price Performance
The firm has a 50 day moving average price of GBX 309.75 and a 200-day moving average price of GBX 312.81. The firm 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.
Close Brothers Group (LON:CBG - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The company reported GBX 30.90 ($0.40) EPS for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. On average, sell-side analysts expect that Close Brothers Group plc will post 66.0070671 EPS for the current fiscal year.
Insiders Place Their Bets
In other Close Brothers Group news, insider Michael N. Biggs purchased 5,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was bought at an average cost of GBX 288 ($3.72) per share, for a total transaction of £14,400 ($18,592.64). Corporate 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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