Close Brothers Group plc (LON:CBG - Get Free Report)'s stock price traded up 19.5% during mid-day trading on Tuesday . The company traded as high as GBX 301.19 ($3.71) and last traded at GBX 292.50 ($3.61). 38,336,063 shares traded hands during mid-day trading, an increase of 527% from the average session volume of 6,111,457 shares. The stock had previously closed at GBX 244.80 ($3.02).
Analyst Upgrades and Downgrades
CBG has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 610 ($7.52) price objective on shares of Close Brothers Group in a report on Friday, November 22nd. Shore Capital reaffirmed a "buy" rating on shares of Close Brothers Group in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Close Brothers Group currently has an average rating of "Buy" and a consensus target price of GBX 556.60 ($6.86).
View Our Latest Stock Report on Close Brothers Group
Close Brothers Group Stock Performance
The firm has a market cap of £447.86 million, a PE ratio of 496.00, a PEG ratio of 1.87 and a beta of 0.82. The company's 50-day simple moving average is GBX 223.28 and its two-hundred day simple moving average is GBX 364.62.
Insiders Place Their Bets
In related news, insider Mike Morgan sold 10,885 shares of Close Brothers Group stock in a transaction that occurred 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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