Close Brothers Group plc (LON:CBG - Get Free Report)'s stock price was down 21.6% during mid-day trading on Tuesday . 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 traded hands during mid-day 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).
Wall Street Analyst Weigh In
A number of analysts have issued reports on CBG shares. Deutsche Bank Aktiengesellschaft decreased their target price on Close Brothers Group from GBX 610 ($7.88) to GBX 600 ($7.75) and set a "hold" rating for the company in a research report on Thursday, February 13th. Shore Capital reaffirmed a "buy" rating on shares of Close Brothers Group in a report on Tuesday.
Check Out Our Latest Analysis on CBG
Close Brothers Group Price Performance
The stock has a fifty day moving average price of GBX 309.75 and a 200 day moving average price of GBX 312.81. The stock has a market capitalization of £427.45 million, a P/E 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 posted 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 return on equity of 5.78% and a net margin of 7.79%. Research analysts anticipate that Close Brothers Group plc will post 66.0070671 earnings per share for the current year.
Insider Buying and Selling at Close Brothers Group
In other news, insider Michael N. Biggs purchased 5,000 shares of the stock in a transaction on Wednesday, March 19th. The shares were acquired at an average price of GBX 288 ($3.72) per share, for a total transaction of £14,400 ($18,592.64). Company 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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