Close Brothers Group (LON:CBG) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Close Brothers Group plc (LON:CBG)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 330.95 ($4.16) and traded as high as GBX 336.60 ($4.23). Close Brothers Group shares last traded at GBX 331 ($4.16), with a volume of 12,552,805 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Close Brothers Group from GBX 610 ($7.67) to GBX 600 ($7.55) and set a “hold” rating on the stock in a report on Thursday, February 13th. Shore Capital reissued a “buy” rating on shares of Close Brothers Group in a report on Tuesday, January 7th.

Close Brothers Group Stock Up 2.1 %

The stock has a fifty day moving average of GBX 282.46 and a two-hundred day moving average of GBX 329.98. The stock has a market cap of £498.69 million, a price-to-earnings ratio of 4.99, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82.

Insider Buying and Selling

In other Close Brothers Group news, insider Mike Morgan sold 10,885 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of GBX 241 ($3.03), for a total transaction of £26,232.85 ($32,993.15). 2.91% of the stock is currently owned by corporate insiders.

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.