Close Brothers Group (LON:CBG) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Close Brothers Group plc (LON:CBG) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 460.68 and traded as high as GBX 476.40. Close Brothers Group shares last traded at GBX 460.80, with a volume of 1,553,245 shares.

Analysts Set New Price Targets

CBG has been the topic of several research reports. Shore Capital Group lowered Close Brothers Group to a “hold” rating and set a GBX 475 target price on the stock. in a research report on Wednesday, April 8th. UBS Group reissued a “buy” rating and issued a GBX 555 price objective on shares of Close Brothers Group in a research report on Monday, May 18th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 625 price objective on shares of Close Brothers Group in a research report on Friday, May 22nd. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Close Brothers Group presently has an average rating of “Moderate Buy” and an average target price of GBX 500.63.

Close Brothers Group Price Performance

The firm has a 50-day simple moving average of GBX 433.44 and a 200 day simple moving average of GBX 460.68. The company has a market capitalization of £693.72 million, a PE ratio of -13.05, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24.

Close Brothers Group (LON:CBG) last released its quarterly earnings data on Tuesday, March 17th. The company reported GBX 27.10 EPS for the quarter. Close Brothers Group had a negative return on equity of 2.03% and a negative net margin of 4.66%. Equities research analysts expect that Close Brothers Group plc will post 66.0070671 EPS for the current fiscal year.

Insider Buying and Selling at Close Brothers Group

In other Close Brothers Group news, insider Sally Williams bought 6,914 shares of the company’s stock in a transaction dated Wednesday, April 8th. The shares were acquired at an average cost of GBX 456 per share, with a total value of £31,527.84. Also, insider Kari Hale bought 5,017 shares of the company’s stock in a transaction dated Monday, April 13th. The shares were acquired at an average cost of GBX 406 per share, for a total transaction of £20,369.02. Insiders have purchased 25,601 shares of company stock valued at $11,205,114 over the last three months. 2.19% of the stock is owned by company 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.