Close Brothers Group (LON:CBG) Trading Down 20.3% – Here’s What Happened

Posted by ABMN Staff on Mar 20th, 2025

Shares of Close Brothers Group plc (LON:CBG – Get Free Report) were down 20.3% on Tuesday . The company traded as low as GBX 272.80 ($3.55) and last traded at GBX 275.20 ($3.58). Approximately 3,477,808 shares traded hands during trading, an increase of 45% from the average daily volume of 2,404,174 shares. The stock had previously closed at GBX 345.40 ($4.49).

Analyst Upgrades and Downgrades

A number of research analysts have commented on CBG shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Close Brothers Group from GBX 610 ($7.94) to GBX 600 ($7.81) and set a “hold” rating on the stock in a report on Thursday, February 13th. Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a report on Tuesday.

Get Our Latest Report on Close Brothers Group

Close Brothers Group Stock Performance

The business has a fifty day simple moving average of GBX 307.19 and a 200 day simple moving average of GBX 313.28. The stock has a market capitalization of £429.39 million, a price-to-earnings ratio of 4.29, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82.

Close Brothers Group (LON:CBG – Get Free Report) last released its earnings results on Tuesday, March 18th. The company reported GBX 30.90 ($0.40) earnings per share for the quarter. Close Brothers Group had a return on equity of 5.78% and a net margin of 7.79%. On average, sell-side analysts forecast that Close Brothers Group plc will post 66.0070671 earnings per share 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.