Close Brothers Group (LON:CBG) Stock Price Down 21.6% – Should You Sell?

Shares of Close Brothers Group plc (LON:CBGGet Free Report) fell 21.6% 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 traded hands 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).

Analyst Ratings Changes

A number of research firms have weighed in on CBG. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Close Brothers Group from GBX 610 ($7.93) to GBX 600 ($7.80) and set a “hold” rating on the stock in a research report on Thursday, February 13th. Shore Capital reiterated a “buy” rating on shares of Close Brothers Group in a research report on Tuesday.

Read Our Latest Analysis on CBG

Close Brothers Group Stock Down 21.6 %

The stock has a market capitalization of £407.99 million, a PE ratio of 4.08, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The stock’s 50 day moving average price is GBX 305.84 and its 200-day moving average price is GBX 315.11.

Close Brothers Group (LON:CBGGet Free Report) last issued its 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 net margin of 7.79% and a return on equity of 5.78%. As a group, sell-side analysts predict that Close Brothers Group plc will post 66.0070671 earnings per share for the current fiscal year.

Close Brothers Group Company Profile

(Get Free Report)

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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