Shares of Close Brothers Group plc (LON:CBG - Get Free Report) traded up 20.5% during mid-day trading on Tuesday . The company traded as high as GBX 303.96 ($3.75) and last traded at GBX 295 ($3.64). 39,765,895 shares traded hands during trading, an increase of 540% from the average session volume of 6,213,588 shares. The stock had previously closed at GBX 244.80 ($3.02).
Wall Street Analysts Forecast Growth
CBG has been the topic of a number of recent analyst reports. Shore Capital reissued a "buy" rating on shares of Close Brothers Group in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 610 ($7.52) price objective on shares of Close Brothers Group in a research report on Friday, November 22nd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Close Brothers Group has a consensus rating of "Buy" and an average target price of GBX 556.60 ($6.86).
Get Our Latest Report on Close Brothers Group
Close Brothers Group Trading Up 21.6 %
The company's fifty day moving average is GBX 223.28 and its 200 day moving average is GBX 364.62. The company has a market capitalization of £447.86 million, a P/E ratio of 496.00, a P/E/G ratio of 1.87 and a beta of 0.82.
Insider Buying and Selling at Close Brothers Group
In other Close Brothers Group news, insider Mike Morgan sold 10,885 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of GBX 241 ($2.97), for a total value of £26,232.85 ($32,342.31). 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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