Close Brothers Group (LON:CBG) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Close Brothers Group plc (LON:CBG) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 463.23 and traded as high as GBX 466.60. Close Brothers Group shares last traded at GBX 456.60, with a volume of 548,603 shares.

Analyst Ratings Changes

CBG has been the topic of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a GBX 625 target price on shares of Close Brothers Group in a report on Friday, May 22nd. Shore Capital Group downgraded shares of Close Brothers Group to a “hold” rating and set a GBX 475 target price on the stock. in a report on Wednesday, April 8th. Finally, UBS Group restated a “buy” rating and set a GBX 555 target price on shares of Close Brothers Group in a report on Monday, May 18th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 500.63.

Close Brothers Group Trading Up 3.9%

The company has a market capitalization of £699.86 million, a P/E ratio of -13.16, a PEG ratio of 1.87 and a beta of 1.24. The firm’s 50 day moving average price is GBX 450.88 and its two-hundred day moving average price is GBX 463.44.

Close Brothers Group (LON:CBG) last issued its quarterly earnings results on Tuesday, March 17th. The company reported GBX 27.10 earnings per share for the quarter. Close Brothers Group had a negative net margin of 4.66% and a negative return on equity of 2.03%. 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 other Close Brothers Group news, insider Kari Hale purchased 5,017 shares of the firm’s stock in a transaction dated Monday, April 13th. The stock was bought at an average cost of GBX 406 per share, with a total value of £20,369.02. Also, insider Mark Pain purchased 8,898 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The shares were acquired at an average cost of GBX 449 per share, with a total value of £39,952.02. Insiders acquired 25,601 shares of company stock valued at $11,205,312 in the last ninety days. 2.19% of the stock is currently owned by corporate insiders.

Close Brothers Group Company Profile

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.