Shares of Close Brothers Group plc (LON:CBG – Get Free Report) were up 14.7% during trading on Tuesday. The company traded as high as GBX 445.80 and last traded at GBX 442.59. Approximately 2,477,801 shares were traded during trading, an increase of 2% from the average daily volume of 2,419,664 shares. The stock had previously closed at GBX 386.
Analysts Set New Price Targets
Separately, Royal Bank Of Canada downgraded shares of Close Brothers Group to a “sector perform” rating and cut their price objective for the stock from GBX 625 to GBX 470 in a report on Monday, July 6th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 481.25.
Get Our Latest Analysis on Close Brothers Group
Close Brothers Group Stock Performance
Close Brothers Group (LON:CBG – Get Free Report) last announced its quarterly earnings results on Tuesday, September 29th. The company reported GBX 47.50 earnings per share for the quarter. Close Brothers Group had a negative return on equity of 2.03% and a negative net margin of 2.50%. Sell-side analysts predict 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 Fiona McCarthy sold 1,626 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of GBX 426, for a total value of £6,926.76. 2.21% of the stock is owned by corporate insiders.
About Close Brothers Group
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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