Close Brothers Group (OTCMKTS:CBGPY) Shares Up 577.2% – Here’s Why

Close Brothers Group plc (OTCMKTS:CBGPYGet Free Report)’s stock price was up 577.2% on Friday . The company traded as high as $92.8443 and last traded at $92.8443. Approximately 290,440 shares changed hands during trading, an increase of 63,593% from the average daily volume of 456 shares. The stock had previously closed at $13.71.

Analyst Ratings Changes

Separately, Royal Bank Of Canada raised Close Brothers Group from a “sector perform” rating to an “outperform” rating in a report on Friday, January 16th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Close Brothers Group has a consensus rating of “Buy”.

Read Our Latest Research Report on CBGPY

Close Brothers Group Stock Up 577.2%

The company has a 50-day moving average price of $14.58 and a 200 day moving average price of $13.21.

Close Brothers Group Company Profile

(Get Free Report)

Close Brothers Group plc is a UK-based merchant banking group with origins dating back to 1878, when William Brooks Close established the firm in London. Today, the group operates as a diversified financial services provider, combining lending, deposit taking, wealth management and securities trading to serve corporate, professional and retail clients. The company’s long history has seen it evolve from a regional trading bank into a widely recognized mid-market specialist in credit and financial advisory services.

The group’s principal activities are organized into four complementary divisions.

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