Close Brothers Group plc (LON:CBG - Get Free Report) shares rose 20.7% during mid-day trading on Tuesday . The stock traded as high as GBX 301.19 ($3.71) and last traded at GBX 295.43 ($3.64). Approximately 37,578,418 shares traded hands during trading, an increase of 520% from the average daily volume of 6,057,339 shares. The stock had previously closed at GBX 244.80 ($3.02).
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 610 ($7.52) target price 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 research report on Tuesday, January 7th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of GBX 556.60 ($6.86).
Read Our Latest Research Report on CBG
Close Brothers Group Price Performance
The firm has a market capitalization of £447.56 million, a PE ratio of 495.67, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The stock has a 50-day moving average price of GBX 223.28 and a 200-day moving average price of GBX 364.62.
Insider Buying and Selling at Close Brothers Group
In related news, insider Mike Morgan sold 10,885 shares of Close Brothers Group stock in a transaction dated Friday, December 13th. The stock was sold at an average price of GBX 241 ($2.97), for a total value of £26,232.85 ($32,346.30). 2.91% of the stock is currently owned by corporate insiders.
Close Brothers Group Company Profile
(
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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