Close Brothers Group plc (LON:CBG - Get Free Report)'s share price was up 21.1% during mid-day trading on Tuesday . The company traded as high as GBX 303.96 ($3.75) and last traded at GBX 296.40 ($3.65). Approximately 39,514,301 shares were traded during mid-day trading, an increase of 538% from the average daily volume of 6,195,617 shares. The stock had previously closed at GBX 244.80 ($3.02).
Analyst Ratings Changes
A number of equities analysts have issued reports on CBG shares. Shore Capital reissued a "buy" rating on shares of Close Brothers Group in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 610 ($7.52) target price 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.com, the stock currently has an average rating of "Buy" and a consensus target price of GBX 556.60 ($6.86).
View Our Latest Research Report on Close Brothers Group
Close Brothers Group Stock Up 21.6 %
The firm's 50-day simple moving average is GBX 223.28 and its 200 day simple moving average is GBX 364.62. 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.
Insider Activity at Close Brothers Group
In other news, insider Mike Morgan sold 10,885 shares of the firm'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 transaction of £26,232.85 ($32,346.30). 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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