Close Brothers Group (LON:CBG) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Close Brothers Group plc (LON:CBG) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 303.81 ($4.17) and traded as high as GBX 378.20 ($5.19). Close Brothers Group shares last traded at GBX 373 ($5.12), with a volume of 525,320 shares traded.

Analyst Ratings Changes

CBG has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a GBX 430 ($5.90) price objective on shares of Close Brothers Group in a research report on Thursday, March 27th. Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a research note on Wednesday, May 21st.

Close Brothers Group Stock Performance

The business has a 50 day moving average of GBX 340.18 and a two-hundred day moving average of GBX 303.81. The stock has a market capitalization of £561.97 million, a PE ratio of 5.62, a PEG ratio of 1.87 and a beta of 0.82.

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.