Shares of Close Brothers Group plc (LON:CBG – Get Free Report) dropped 22.2% during mid-day trading on Tuesday . The company traded as low as GBX 265.20 ($3.44) and last traded at GBX 268.80 ($3.49). Approximately 6,452,280 shares changed hands during trading, an increase of 162% from the average daily volume of 2,459,257 shares. The stock had previously closed at GBX 345.40 ($4.49).
Analyst Ratings Changes
CBG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on Close Brothers Group from GBX 610 ($7.92) to GBX 600 ($7.79) and set a “hold” rating for the company in a research note on Thursday, February 13th. Shore Capital restated a “buy” rating on shares of Close Brothers Group in a research note on Monday, March 3rd.
Check Out Our Latest Research Report on CBG
Close Brothers Group Stock Performance
Close Brothers Group (LON:CBG – Get Free Report) last announced its earnings results on Tuesday, March 18th. The company reported GBX 30.90 ($0.40) earnings per share for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. As a group, research analysts anticipate that Close Brothers Group plc will post 66.0070671 earnings per share for the current year.
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.
Featured Stories
- Five stocks we like better than Close Brothers Group
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Is Viking Therapeutics the Next Blockbuster GLP-1 Stock?
- How to invest in marijuana stocks in 7 steps
- 2 Shorted Stocks Under Fire: Do Bulls or Bears Have It Right?
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Is Intuitive Machines a Buy After Athena’s Disappointing Landing?
Receive News & Ratings for Close Brothers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Close Brothers Group and related companies with MarketBeat.com's FREE daily email newsletter.