Close Brothers Group (LON:CBG) Share Price Crosses Above 50-Day Moving Average of $1,435.82

Shares of Close Brothers Group plc (LON:CBG) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1,435.82 and traded as high as $1,430.00. Close Brothers Group shares last traded at $1,420.00, with a volume of 163,128 shares trading hands.

CBG has been the subject of a number of analyst reports. Royal Bank of Canada initiated coverage on shares of Close Brothers Group in a research report on Tuesday, April 23rd. They issued a “sector performer” rating and a GBX 1,500 ($19.60) price objective for the company. UBS Group restated a “neutral” rating and issued a GBX 1,565 ($20.45) price objective (down from GBX 1,570 ($20.51)) on shares of Close Brothers Group in a research report on Wednesday, March 13th. Peel Hunt restated a “hold” rating on shares of Close Brothers Group in a research report on Wednesday, May 22nd. Shore Capital raised their price objective on shares of Close Brothers Group from GBX 1,605 ($20.97) to GBX 1,635 ($21.36) and gave the company a “hold” rating in a research report on Wednesday, May 22nd. Finally, Jefferies Financial Group raised their price objective on shares of Close Brothers Group from GBX 1,543 ($20.16) to GBX 1,579 ($20.63) and gave the company a “hold” rating in a research report on Tuesday, April 9th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Close Brothers Group currently has an average rating of “Hold” and a consensus price target of GBX 1,567.25 ($20.48).

The stock’s 50 day moving average is GBX 1,431.36. The company has a market capitalization of $2.11 billion and a price-to-earnings ratio of 10.60.

In related news, insider Elizabeth Lee bought 127 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were acquired at an average cost of GBX 1,413 ($18.46) per share, with a total value of £1,794.51 ($2,344.85).

Close Brothers Group Company Profile (LON:CBG)

Close Brothers Group plc, a merchant banking company, provides financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Securities, and Asset Management. The company offers various deposit products, including fixed term deposits and notice accounts.

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