Close Brothers Group (OTCMKTS:CBGPY) Stock Price Down 3.6% – Here’s What Happened

Close Brothers Group plc (OTCMKTS:CBGPY) was down 3.6% during mid-day trading on Thursday . The stock traded as low as $13.68 and last traded at $13.68. Approximately 701 shares were traded during mid-day trading, an increase of 0% from the average daily volume of 701 shares. The stock had previously closed at $14.19.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada upgraded Close Brothers Group from a “sector perform” rating to an “outperform” rating in a research note on Friday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Close Brothers Group Stock Performance

The firm’s 50 day moving average is $12.10 and its two-hundred day moving average is $12.34.

About Close Brothers Group

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.