Close Brothers Group (LON:CBG) Trading Up 20.7% – Time to Buy?

Close Brothers Group plc (LON:CBGGet 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 %

The company has a market capitalization of £437.32 million, a PE ratio of 484.33, a PEG ratio of 1.87 and a beta of 0.82. The company has a fifty day simple moving average of GBX 223.28 and a 200-day simple moving average of GBX 364.62.

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

(Get Free Report)

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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