Close Brothers Group plc (LON:CBG – Get Free Report)’s share price dropped 22.2% during mid-day trading on Tuesday . The stock traded as low as GBX 265.20 ($3.44) and last traded at GBX 268.80 ($3.49). Approximately 6,452,280 shares were traded during mid-day trading, an increase of 162% from the average daily volume of 2,459,257 shares. The stock had previously closed at GBX 345.40 ($4.49).
Analyst Ratings Changes
CBG has been the topic of several research analyst reports. Shore Capital reiterated a “buy” rating on shares of Close Brothers Group in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Close Brothers Group from GBX 610 ($7.92) to GBX 600 ($7.79) and set a “hold” rating on the stock in a research report on Thursday, February 13th.
Check Out Our Latest Report on Close Brothers Group
Close Brothers Group Trading Down 21.8 %
Close Brothers Group (LON:CBG – Get Free Report) last issued its earnings results on Tuesday, March 18th. The company reported GBX 30.90 ($0.40) earnings per share (EPS) for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. As a group, research analysts expect that Close Brothers Group plc will post 66.0070671 earnings per share for the current year.
Close Brothers Group Company Profile
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.
See Also
- Five stocks we like better than Close Brothers Group
- Why is the Ex-Dividend Date Significant to Investors?
- Arqit Stock Soars as NVIDIA’s GTC Fuels Quantum Excitement
- Russell 2000 Index, How Investors Use it For Profitable Trading
- 3 Must-Own Stocks to Build Wealth This Decade
- Find and Profitably Trade Stocks at 52-Week Lows
- Advanced Micro Devices Eyes AI Market Growth—Is AMD a Buy?
Receive News & Ratings for Close Brothers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Close Brothers Group and related companies with MarketBeat.com's FREE daily email newsletter.