Close Brothers Group plc (LON:CBG – Get Free Report) shares traded up 20.7% during trading on Tuesday . The stock traded as high as GBX 301.19 ($3.71) and last traded at GBX 295.43 ($3.64). 37,578,418 shares changed hands during trading, an increase of 520% from the average session volume of 6,057,339 shares. The stock had previously closed at GBX 244.80 ($3.02).
Analyst Ratings Changes
Several research analysts recently commented on CBG shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 610 ($7.52) price objective on shares of Close Brothers Group in a research note on Friday, November 22nd. Shore Capital reissued a “buy” rating on shares of Close Brothers Group in a research note on Tuesday, January 7th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 556.60 ($6.86).
Read Our Latest Analysis on Close Brothers Group
Close Brothers Group Trading Up 18.7 %
Insider Activity at Close Brothers Group
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 ($2.97), for a total value of £26,232.85 ($32,346.30). 2.91% of the stock is currently owned by 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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