Close Brothers Group (LON:CBG) Trading Down 21.6% – Time to Sell?

Close Brothers Group plc (LON:CBG) shares traded down 21.6% during trading on Tuesday . The company traded as low as GBX 258.20 ($3.36) and last traded at GBX 270.80 ($3.52). 125,087,578 shares were traded during 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).

Analysts Set New Price Targets

A number of research analysts have commented on the company. Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a research report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their target price on Close Brothers Group from GBX 610 ($7.94) to GBX 600 ($7.81) and set a “hold” rating for the company in a research report on Thursday, February 13th.

Close Brothers Group Trading Down 3.9 %

The firm has a 50 day moving average of GBX 307.19 and a two-hundred day moving average of GBX 313.28. The company has a market cap of £412.81 million, a PE ratio of 4.13, a P/E/G ratio of 1.87 and a beta of 0.82.

Close Brothers Group (LON:CBG) last released its quarterly earnings results on Tuesday, March 18th. The company reported GBX 30.90 ($0.40) earnings per share (EPS) for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. On average, research analysts forecast that Close Brothers Group plc will post 66.0070671 EPS for the current year.

Insider Transactions at Close Brothers Group

In related news, insider Michael N. Biggs bought 5,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were bought at an average cost of GBX 288 ($3.75) per share, for a total transaction of £14,400 ($18,732.93). 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.