Close Brothers Group plc (LON:CBG - Get Free Report)'s stock price was down 21.6% during trading on Wednesday . The stock traded as low as GBX 258.20 ($3.33) and last traded at GBX 270.80 ($3.50). Approximately 125,087,578 shares traded hands during mid-day trading, an increase of 2,586% from the average daily volume of 4,656,207 shares. The stock had previously closed at GBX 345.40 ($4.46).
Analyst Ratings Changes
Several research analysts have commented on CBG shares. Shore Capital reissued a "buy" rating on shares of Close Brothers Group in a research report on Tuesday. Deutsche Bank Aktiengesellschaft cut their price objective on Close Brothers Group from GBX 610 ($7.88) to GBX 600 ($7.75) and set a "hold" rating on the stock in a research report on Thursday, February 13th.
Get Our Latest Stock Analysis on Close Brothers Group
Close Brothers Group Price Performance
The company has a market capitalization of £427.45 million, a PE 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 simple moving average of GBX 309.75 and a 200 day simple moving average of GBX 312.81.
Close Brothers Group (LON:CBG - Get Free Report) last announced 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%. Equities research analysts expect that Close Brothers Group plc will post 66.0070671 EPS for the current fiscal year.
Insider Transactions at Close Brothers Group
In other Close Brothers Group news, insider Michael N. Biggs bought 5,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were acquired at an average cost of GBX 288 ($3.72) per share, with a total value of £14,400 ($18,592.64). Corporate 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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