Close Brothers Group plc (LON:CBG - Get Free Report) rose 22% on Tuesday . The company traded as high as GBX 303.96 ($3.75) and last traded at GBX 298.70 ($3.68). Approximately 40,175,391 shares traded hands during mid-day trading, an increase of 544% from the average daily volume of 6,242,837 shares. The stock had previously closed at GBX 244.80 ($3.02).
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Shore Capital reaffirmed a "buy" rating on shares of Close Brothers Group in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 610 ($7.52) price target on shares of Close Brothers Group in a research note on Friday, November 22nd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Close Brothers Group has a consensus rating of "Buy" and a consensus price target of GBX 556.60 ($6.86).
Read Our Latest Analysis on Close Brothers Group
Close Brothers Group Price Performance
The stock has a market capitalization of £447.86 million, a P/E ratio of 496.00, a PEG ratio of 1.87 and a beta of 0.82. The company's 50 day simple moving average is GBX 223.28 and its two-hundred day simple moving average is GBX 364.62.
Insider Buying and Selling
In other Close Brothers Group news, insider Mike Morgan sold 10,885 shares of the business's stock in a transaction on Friday, December 13th. The stock was sold at an average price of GBX 241 ($2.97), for a total value of £26,232.85 ($32,342.31). 2.91% of the stock is owned by corporate insiders.
Close Brothers Group Company Profile
(
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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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