Close Brothers Group (LON:CBG) Trading 21.1% Higher – Still a Buy?

Posted by Stanley Muller on Jan 21st, 2025

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Shore Capital reiterated a “buy” rating on shares of Close Brothers Group in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reiterated 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 data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 556.60 ($6.86).

Get Our Latest Stock Report on CBG

Close Brothers Group Trading Up 21.1 %

The company has a market cap of £446.05 million, a P/E ratio of 494.00, a PEG ratio of 1.87 and a beta of 0.82. The business has a 50 day moving average price of GBX 223.28 and a 200-day moving average price of GBX 364.62.

Insiders Place Their Bets

In other Close Brothers Group news, insider Mike Morgan sold 10,885 shares of the company’s stock in a transaction that occurred 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). Insiders own 2.91% of the company’s stock.

Close Brothers Group Company Profile

(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.