Close Brothers Group (OTCMKTS:CBGPY) Stock Price Up 5% – Still a Buy?

Shares of Close Brothers Group plc (OTCMKTS:CBGPY) rose 5% during mid-day trading on Tuesday . The stock traded as high as $13.75 and last traded at $13.75. Approximately 203 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 1,572 shares. The stock had previously closed at $13.09.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Close Brothers Group in a research report on Friday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Close Brothers Group Stock Performance

The business has a 50-day moving average price of $13.33 and a two-hundred day moving average price of $10.63.

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.