Close Brothers Group (OTCMKTS:CBGPY) Trading 6% Higher – Here’s Why

Close Brothers Group plc (OTCMKTS:CBGPYGet Free Report) shares were up 6% during mid-day trading on Friday . The company traded as high as $10.85 and last traded at $10.85. Approximately 306 shares traded hands during trading, a decline of 57% from the average daily volume of 707 shares. The stock had previously closed at $10.24.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reissued an “outperform” rating on shares of Close Brothers Group in a report on Thursday, May 15th.

Read Our Latest Stock Report on Close Brothers Group

Close Brothers Group Stock Performance

The business has a fifty day moving average of $9.42 and a 200-day moving average of $8.05.

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.

Featured Articles

Receive News & Ratings for Close Brothers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Close Brothers Group and related companies with MarketBeat.com's FREE daily email newsletter.