Close Brothers Group (LON:CBG) Trading Up 21.5% – Should You Buy?

Close Brothers Group plc (LON:CBG)’s share price traded up 21.5% on Tuesday . The stock traded as high as GBX 303.96 ($3.75) and last traded at GBX 297.40 ($3.67). 40,511,785 shares traded hands during mid-day trading, an increase of 546% from the average session volume of 6,266,866 shares. The stock had previously closed at GBX 244.80 ($3.02).

Analyst Ratings Changes

A number of equities analysts recently weighed in on CBG shares. Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 610 ($7.53) target price on shares of Close Brothers Group in a research report on Friday, November 22nd. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Close Brothers Group currently has an average rating of “Buy” and a consensus price target of GBX 556.60 ($6.88).

Close Brothers Group Trading Down 2.9 %

The company has a fifty day moving average price of GBX 227.33 and a two-hundred day moving average price of GBX 362.32. The firm has a market capitalization of £449.66 million, a price-to-earnings ratio of 498.00, a PEG ratio of 1.87 and a beta of 0.82.

Insiders Place Their Bets

In other Close Brothers Group news, insider Mike Morgan sold 10,885 shares of Close Brothers Group stock in a transaction on Friday, December 13th. The stock was sold at an average price of GBX 241 ($2.98), for a total value of £26,232.85 ($32,402.24). 2.91% 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.