Close Brothers Group plc (LON:CBG – Get Free Report) traded down 11.7% during mid-day trading on Tuesday . The stock traded as low as GBX 281.40 ($3.66) and last traded at GBX 305 ($3.96). 1,463,577 shares changed hands during trading, a decline of 38% from the average session volume of 2,366,874 shares. The stock had previously closed at GBX 345.40 ($4.49).
Analyst Ratings Changes
Several research firms have recently commented on CBG. Deutsche Bank Aktiengesellschaft reduced their price target on Close Brothers Group from GBX 610 ($7.92) to GBX 600 ($7.79) and set a “hold” rating for the company in a report on Thursday, February 13th. Shore Capital restated a “buy” rating on shares of Close Brothers Group in a research report on Monday, March 3rd.
View Our Latest Stock Report on CBG
Close Brothers Group Trading Down 16.6 %
Close Brothers Group Company Profile
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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