Close Brothers Group (LON:CBG) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Close Brothers Group plc (LON:CBG)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 303.81 ($4.17) and traded as high as GBX 378.20 ($5.19). Close Brothers Group shares last traded at GBX 373 ($5.12), with a volume of 525,320 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CBG shares. Keefe, Bruyette & Woods restated an “outperform” rating and set a GBX 430 ($5.90) price objective on shares of Close Brothers Group in a research report on Thursday, March 27th. Shore Capital restated a “buy” rating on shares of Close Brothers Group in a research report on Wednesday, May 21st.

Close Brothers Group Stock Up 2.1%

The business’s 50-day simple moving average is GBX 340.18 and its 200 day simple moving average is GBX 303.81. The firm has a market capitalization of £561.97 million, a P/E ratio of 5.62, a PEG ratio of 1.87 and a beta of 0.82.

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.