Close Brothers Group plc (LON:CBG – Get Free Report) reached a new 52-week low on Monday . The stock traded as low as GBX 243.20 ($3.16) and last traded at GBX 255 ($3.31), with a volume of 65227688 shares. The stock had previously closed at GBX 276.60 ($3.59).
Wall Street Analyst Weigh In
CBG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Close Brothers Group in a report on Friday, July 5th. They issued a “buy” rating and a GBX 610 ($7.92) target price on the stock. Shore Capital reissued a “buy” rating on shares of Close Brothers Group in a report on Friday. Finally, Royal Bank of Canada raised shares of Close Brothers Group to an “outperform” rating and upped their price objective for the company from GBX 375 ($4.87) to GBX 620 ($8.05) in a research report on Thursday, August 29th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 556.60 ($7.23).
Read Our Latest Report on Close Brothers Group
Close Brothers Group Price Performance
Insider Buying and Selling at Close Brothers Group
In other news, insider Michael N. Biggs bought 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was acquired at an average price of GBX 416 ($5.40) per share, for a total transaction of £14,560 ($18,904.18). Insiders have purchased 3,600 shares of company stock worth $1,501,136 over the last three months. Company insiders own 2.91% of the company’s stock.
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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