Close Brothers Group (LON:CBG) Trading Up 21.5% – Still a Buy?

Posted by Emily Schoerning on Jan 21st, 2025

Close Brothers Group plc (LON:CBG – Get Free Report)’s share price traded up 21.5% during mid-day trading on Tuesday . The stock traded as high as GBX 303.96 ($3.75) and last traded at GBX 297.40 ($3.67). 40,511,785 shares were traded during trading, an increase of 546% from the average session volume of 6,266,866 shares. The stock had previously closed at GBX 244.80 ($3.02).

Analyst Ratings Changes

A number of analysts recently commented on CBG shares. Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 610 ($7.52) price objective on shares of Close Brothers Group in a research note on Friday, November 22nd. Five analysts have rated the stock with a buy rating, According to MarketBeat, Close Brothers Group presently has an average rating of “Buy” and an average target price of GBX 556.60 ($6.86).

Get Our Latest Report on Close Brothers Group

Close Brothers Group Price Performance

The stock has a market cap of £447.86 million, a PE ratio of 496.00, a P/E/G ratio of 1.87 and a beta of 0.82. The business has a fifty day moving average of GBX 223.28 and a 200 day moving average of GBX 364.62.

Insider Activity 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 on 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 currently owned by corporate insiders.

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.