Close Brothers Group plc (LON:CBG - Get Free Report)'s stock price was up 5.9% during trading on Thursday . The stock traded as high as GBX 293 ($3.78) and last traded at GBX 292.80 ($3.77). Approximately 442,840 shares traded hands during trading, a decline of 81% from the average daily volume of 2,359,436 shares. The stock had previously closed at GBX 276.40 ($3.56).
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on CBG. Keefe, Bruyette & Woods reissued an "outperform" rating and set a GBX 430 ($5.54) target price on shares of Close Brothers Group in a research report on Thursday, March 27th. Shore Capital reissued a "buy" rating on shares of Close Brothers Group in a report on Tuesday, March 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Close Brothers Group from GBX 610 ($7.86) to GBX 600 ($7.73) and set a "hold" rating for the company in a research note on Thursday, February 13th.
Get Our Latest Analysis on CBG
Close Brothers Group Trading Up 2.1 %
The stock has a 50 day moving average price of GBX 316.65 and a two-hundred day moving average price of GBX 292.25. The company has a market cap of £409.80 million, a price-to-earnings ratio of 4.10, a P/E/G ratio of 1.87 and a beta of 0.82.
Close Brothers Group (LON:CBG - Get Free Report) last posted its 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%. On average, equities analysts forecast that Close Brothers Group plc will post 66.0070671 EPS for the current fiscal year.
Insider Transactions at Close Brothers Group
In related news, insider Michael N. Biggs purchased 5,000 shares of Close Brothers Group stock in a transaction that occurred on Wednesday, March 19th. The stock was purchased at an average cost of GBX 288 ($3.71) per share, with a total value of £14,400 ($18,561.48). Company insiders own 2.91% of the company's stock.
Close Brothers Group Company Profile
(
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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