Close Brothers Group (LON:CBG) Shares Down 21.6% – Should You Sell?

Close Brothers Group plc (LON:CBG) fell 21.6% during trading on Tuesday . The company traded as low as GBX 258.20 ($3.36) and last traded at GBX 270.80 ($3.52). 125,087,578 shares traded hands during mid-day trading, an increase of 2,586% from the average session volume of 4,656,207 shares. The stock had previously closed at GBX 345.40 ($4.49).

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Close Brothers Group from GBX 610 ($7.94) to GBX 600 ($7.81) and set a “hold” rating for the company in a research note on Thursday, February 13th. Shore Capital restated a “buy” rating on shares of Close Brothers Group in a research report on Tuesday.

Close Brothers Group Stock Down 3.9 %

The stock has a market capitalization of £412.81 million, a P/E ratio of 4.13, a PEG ratio of 1.87 and a beta of 0.82. The company has a fifty day moving average price of GBX 307.19 and a 200-day moving average price of GBX 313.28.

Close Brothers Group (LON:CBG) last released its quarterly earnings results on Tuesday, March 18th. The company reported GBX 30.90 ($0.40) earnings per share for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. As a group, research analysts expect that Close Brothers Group plc will post 66.0070671 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Close Brothers Group news, insider Michael N. Biggs acquired 5,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was acquired at an average price of GBX 288 ($3.75) per share, for a total transaction of £14,400 ($18,732.93). 2.91% of the stock is currently owned by company insiders.

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.