Close Brothers Group plc (LON:CBG - Get Free Report) fell 21.6% on Wednesday . The company traded as low as GBX 258.20 ($3.33) and last traded at GBX 270.80 ($3.50). 125,087,578 shares changed 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 have weighed in on CBG. Shore Capital restated a "buy" rating on shares of Close Brothers Group in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price objective on Close Brothers Group from GBX 610 ($7.88) to GBX 600 ($7.75) and set a "hold" rating for the company in a research note on Thursday, February 13th.
Get Our Latest Stock Analysis on CBG
Close Brothers Group Trading Up 3.5 %
The company has a market cap of £427.45 million, a price-to-earnings ratio of 4.27, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The firm has a 50-day moving average price of GBX 309.75 and a 200 day moving average price of GBX 312.81.
Close Brothers Group (LON:CBG - Get Free Report) last issued its earnings results on Tuesday, March 18th. The company reported GBX 30.90 ($0.40) EPS for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. Research analysts anticipate that Close Brothers Group plc will post 66.0070671 earnings per share for the current fiscal year.
Insider Transactions at Close Brothers Group
In related news, insider Michael N. Biggs purchased 5,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were acquired at an average price of GBX 288 ($3.72) per share, with a total value of £14,400 ($18,592.64). 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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