Close Brothers Group (LON:CBG) Stock Price Breaks Above 50 Day Moving Average – What’s Next?

Close Brothers Group plc (LON:CBG – Get Free Report)’s share price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 394.47 and traded as high as GBX 402.80. Close Brothers Group shares last traded at GBX 402.80, with a volume of 690,320 shares.

Close Brothers Group Stock Performance

The company has a 50-day simple moving average of GBX 393.71 and a 200-day simple moving average of GBX 429.14. The company has a market cap of £596.56 million, a price-to-earnings ratio of -6.93, a PEG ratio of 1.87 and a beta of 1.24.

Close Brothers Group (LON:CBG – Get Free Report) last issued its earnings results on Tuesday, September 29th. The company reported GBX 47.50 earnings per share (EPS) for the quarter. Close Brothers Group had a negative return on equity of 4.07% and a negative net margin of 7.56%. As a group, equities research analysts forecast that Close Brothers Group plc will post 66.01 EPS for the current year.

Insider Buying and Selling

In other Close Brothers Group news, insider Mike Morgan sold 4,699 shares of the firm’s stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of GBX 389, for a total value of £18,279.11. Company insiders own 2.21% of the company’s stock.

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.

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