Close Brothers Group (LON:CBG) Shares Down 21.7% – Should You Sell?

Posted by Renee Jackson on Mar 18th, 2025

Close Brothers Group plc (LON:CBG – Get Free Report) was down 21.7% during mid-day trading on Tuesday . The stock traded as low as GBX 258.20 ($3.35) and last traded at GBX 270.40 ($3.51). Approximately 8,381,713 shares changed hands during trading, an increase of 236% from the average daily volume of 2,494,987 shares. The stock had previously closed at GBX 345.40 ($4.49).

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of 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 reiterated a “buy” rating on shares of Close Brothers Group in a report on Monday, March 3rd.

Get Our Latest Research Report on Close Brothers Group

Close Brothers Group Stock Down 21.6 %

The firm has a 50 day moving average of GBX 304.94 and a 200-day moving average of GBX 316.91. The company has a market cap of £407.99 million, a P/E ratio of 4.08, a PEG ratio of 1.87 and a beta of 0.82.

Close Brothers Group (LON:CBG – Get Free Report) last posted its quarterly 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 return on equity of 5.78% and a net margin of 7.79%. On average, research analysts predict that Close Brothers Group plc will post 66.0070671 EPS 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.