Close Brothers Group (OTCMKTS:CBGPY) Shares Down 5.3% – Should You Sell?

Close Brothers Group plc (OTCMKTS:CBGPY)’s share price fell 5.3% during trading on Friday . The stock traded as low as $13.23 and last traded at $13.53. 3,740 shares traded hands during mid-day trading, an increase of 129% from the average session volume of 1,632 shares. The stock had previously closed at $14.29.

Analyst Ratings Changes

Separately, Royal Bank Of Canada lowered Close Brothers Group from an “outperform” rating to a “sector perform” rating in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Close Brothers Group Stock Performance

The stock has a 50-day simple moving average of $11.77 and a 200-day simple moving average of $9.55.

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.