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

Close Brothers Group plc (LON:CBG) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 changing hands.

Analyst Ratings Changes

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

Close Brothers Group Stock Performance

The stock has a market cap of £688.11 million, a P/E ratio of -12.93, a P/E/G ratio of 1.87 and a beta of 1.24. The stock’s fifty day simple moving average is GBX 449.08 and its 200-day simple moving average is GBX 463.23.

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

Insider Buying and Selling at Close Brothers Group

In other Close Brothers Group news, insider Kari Hale acquired 5,017 shares of the business’s stock in a transaction on Monday, April 13th. The stock was purchased at an average price of GBX 406 per share, with a total value of £20,369.02. Also, insider Sally Williams acquired 4,705 shares of the business’s stock in a transaction on Tuesday, April 14th. The stock was acquired at an average cost of GBX 423 per share, with a total value of £19,902.15. Insiders acquired 25,601 shares of company stock valued at $11,205,312 in the last quarter. Company insiders own 2.19% of the company’s stock.

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.