Close Brothers Group plc (LON:CBG - Get Free Report)'s stock price fell 21.6% on Tuesday . The company traded as low as GBX 258.20 ($3.33) and last traded at GBX 270.80 ($3.50). 125,087,578 shares traded hands during trading, an increase of 2,586% from the average session volume of 4,656,207 shares. The stock had previously closed at GBX 345.40 ($4.46).
Analyst Ratings Changes
A number of brokerages recently weighed in on CBG. Shore Capital reaffirmed a "buy" rating on shares of Close Brothers Group in a research report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Close Brothers Group from GBX 610 ($7.88) to GBX 600 ($7.75) and set a "hold" rating for the company in a research report on Thursday, February 13th.
Get Our Latest Report on Close Brothers Group
Close Brothers Group Trading Up 3.5 %
The stock has a market cap of £427.45 million, a P/E ratio of 4.27, a PEG ratio of 1.87 and a beta of 0.82. The firm's 50-day simple moving average is GBX 309.75 and its 200 day simple moving average is GBX 312.81.
Close Brothers Group (LON:CBG - Get Free Report) last issued its quarterly earnings results on Tuesday, March 18th. The company reported GBX 30.90 ($0.40) earnings per share for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. On average, analysts anticipate that Close Brothers Group plc will post 66.0070671 EPS for the current 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 dated Wednesday, March 19th. The stock was bought at an average cost of GBX 288 ($3.72) per share, with a total value of £14,400 ($18,592.64). Company insiders own 2.91% of the company's stock.
About Close Brothers Group
(
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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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