Close Brothers Group (LON:CBG) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of Close Brothers Group plc (LON:CBG) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 336.33 ($4.25) and traded as high as GBX 336.60 ($4.25). Close Brothers Group shares last traded at GBX 315 ($3.98), with a volume of 1,203,246 shares.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CBG shares. Shore Capital restated a “buy” rating on shares of Close Brothers Group in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Close Brothers Group from GBX 610 ($7.71) to GBX 600 ($7.58) and set a “hold” rating for the company in a research note on Thursday, February 13th.

Close Brothers Group Trading Up 1.6 %

The company’s fifty day moving average is GBX 273.26 and its 200 day moving average is GBX 336.22. The company has a market capitalization of £482.12 million, a P/E ratio of 4.82, a P/E/G ratio of 1.87 and a beta of 0.82.

Insider Buying and Selling

In related news, insider Mike Morgan sold 10,885 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of GBX 241 ($3.04), for a total value of £26,232.85 ($33,143.21). 2.91% of the stock is owned by insiders.

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.