Close Brothers Group plc (LON:CBG - Get Free Report)'s share price shot up 21.1% during trading on Tuesday . The company traded as high as GBX 303.96 ($3.75) and last traded at GBX 296.40 ($3.65). 39,514,301 shares changed hands during mid-day trading, an increase of 538% from the average session volume of 6,195,617 shares. The stock had previously closed at GBX 244.80 ($3.02).
Analyst Upgrades and Downgrades
Several brokerages have recently commented on CBG. Shore Capital reissued a "buy" rating on shares of Close Brothers Group in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 610 ($7.52) target price on shares of Close Brothers Group in a report on Friday, November 22nd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 556.60 ($6.86).
Read Our Latest Stock Report on CBG
Close Brothers Group Trading Up 21.6 %
The company has a market capitalization of £447.86 million, a PE ratio of 496.00, a PEG ratio of 1.87 and a beta of 0.82. The company's 50 day moving average price is GBX 223.28 and its 200-day moving average price is GBX 364.62.
Insider Activity at Close Brothers Group
In other Close Brothers Group news, insider Mike Morgan sold 10,885 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of GBX 241 ($2.97), for a total transaction of £26,232.85 ($32,346.30). 2.91% of the stock is currently owned by insiders.
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.
Further Reading
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