Close Brothers Group plc (LON:CBG – Get Free Report)’s stock price traded down 21.6% during mid-day trading on Tuesday . The company traded as low as GBX 258.20 ($3.35) and last traded at GBX 270.80 ($3.52). 125,087,578 shares changed 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).
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Close Brothers Group from GBX 610 ($7.92) to GBX 600 ($7.79) and set a “hold” rating for the company in a research note on Thursday, February 13th. Shore Capital reissued a “buy” rating on shares of Close Brothers Group in a research note on Monday, March 3rd.
Close Brothers Group Price Performance
Close Brothers Group (LON:CBG – Get Free Report) last posted its quarterly earnings data 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%. On average, equities analysts predict that Close Brothers Group plc will post 66.0070671 EPS 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.
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