Close Brothers Group (LON:CBG) Trading Up 21.1% – What’s Next?

Posted by Matthew Steigler on Jan 21st, 2025

Close Brothers Group plc (LON:CBG – Get Free Report) shares traded up 21.1% during trading on Tuesday . The company traded as high as GBX 303.96 ($3.75) and last traded at GBX 296.40 ($3.65). 39,514,301 shares traded hands during mid-day trading, an increase of 538% from the average session volume of 6,195,617 shares. The stock had previously closed at GBX 244.80 ($3.02).

Analysts Set New Price Targets

CBG has been the subject of several recent analyst reports. Shore Capital reiterated a “buy” rating on shares of Close Brothers Group in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 610 ($7.52) target price on shares of Close Brothers Group in a report on Friday, November 22nd. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 556.60 ($6.86).

Get Our Latest Analysis on Close Brothers Group

Close Brothers Group Stock Performance

The company’s fifty day simple moving average is GBX 223.28 and its two-hundred day simple moving average is GBX 364.62. The stock has a market capitalization of £446.05 million, a P/E ratio of 494.00, a PEG ratio of 1.87 and a beta of 0.82.

Insider Transactions 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 dated Friday, December 13th. The shares were 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 owned by corporate 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.