Close Brothers Group (LON:CBG) Stock Price Down 21.9% - Should You Sell?

Close Brothers Group plc (LON:CBG - Get Free Report)'s share price was down 21.9% on Tuesday . The company traded as low as GBX 268.20 ($3.46) and last traded at GBX 269.80 ($3.48). Approximately 6,129,683 shares were traded during mid-day trading, an increase of 150% from the average daily volume of 2,450,847 shares. The stock had previously closed at GBX 345.40 ($4.46).

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Shore Capital reaffirmed a "buy" rating on shares of Close Brothers Group in a research note on Tuesday. 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 for the company in a report on Thursday, February 13th.

Close Brothers Group Stock Performance

The company has a market cap 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. The business's fifty day moving average is GBX 309.75 and its two-hundred day moving average is GBX 312.81.

Close Brothers Group (LON:CBG - Get Free Report) last announced its quarterly earnings results 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%. Analysts expect that Close Brothers Group plc will post 66.0070671 EPS for the current fiscal year.

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Insider Transactions at Close Brothers Group

In other Close Brothers Group news, insider Michael N. Biggs acquired 5,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were bought at an average cost 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

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.