Close Brothers Group (LON:CBG) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Close Brothers Group plc (LON:CBG) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 439.49 and traded as high as GBX 480.80. Close Brothers Group shares last traded at GBX 480.80, with a volume of 323,677 shares changing hands.

Analyst Upgrades and Downgrades

CBG has been the subject of several research analyst reports. Panmure Gordon reiterated a “hold” rating and set a GBX 500 target price on shares of Close Brothers Group in a research note on Thursday, October 9th. Peel Hunt reissued an “add” rating and set a GBX 300 price objective on shares of Close Brothers Group in a report on Tuesday, November 25th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 400 target price on shares of Close Brothers Group in a research report on Thursday, October 16th. Keefe, Bruyette & Woods reduced their price target on shares of Close Brothers Group from GBX 640 to GBX 580 and set an “outperform” rating on the stock in a research report on Friday, October 10th. Finally, UBS Group reiterated a “neutral” rating and issued a GBX 535 price target on shares of Close Brothers Group in a research note on Monday, September 15th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Close Brothers Group currently has an average rating of “Hold” and an average price target of GBX 490.63.

Close Brothers Group Trading Down 0.5%

The stock’s 50-day moving average price is GBX 438.79 and its 200-day moving average price is GBX 439.49. The company has a market capitalization of £719.81 million, a P/E ratio of -7.15, a P/E/G ratio of 1.87 and a beta of 0.82.

Close Brothers Group (LON:CBG) last posted its earnings results on Thursday, December 11th. The company reported GBX 59.30 EPS for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. Sell-side analysts expect that Close Brothers Group plc will post 66.0070671 earnings per share for the current fiscal 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.