Close Brothers Group plc (LON:CBG – Get Free Report) was down 3.9% on Friday . The company traded as low as GBX 353.20 ($4.59) and last traded at GBX 353.20 ($4.59). Approximately 595,422 shares were traded during trading, a decline of 33% from the average daily volume of 890,759 shares. The stock had previously closed at GBX 367.40 ($4.77).
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on CBG shares. Deutsche Bank Aktiengesellschaft started coverage on Close Brothers Group in a research note on Friday, July 5th. They set a “buy” rating and a GBX 610 ($7.92) target price on the stock. Royal Bank of Canada upgraded Close Brothers Group to an “outperform” rating and increased their target price for the stock from GBX 375 ($4.87) to GBX 620 ($8.05) in a research note on Thursday, August 29th. Finally, Shore Capital reiterated a “buy” rating on shares of Close Brothers Group in a research note on Friday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 556.60 ($7.23).
View Our Latest Analysis on Close Brothers Group
Close Brothers Group Price Performance
Insider Buying and Selling
In related news, insider Michael N. Biggs purchased 3,500 shares of Close Brothers Group stock in a transaction that occurred on Tuesday, September 24th. The shares were acquired at an average price of GBX 416 ($5.40) per share, with a total value of £14,560 ($18,904.18). Insiders have purchased 3,600 shares of company stock valued at $1,501,136 over the last 90 days. 2.91% of the stock is owned by corporate 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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