Close Brothers Group (OTCMKTS:CBGPY) Trading Up 577.2% – Here’s What Happened

Close Brothers Group plc (OTCMKTS:CBGPY)’s share price rose 577.2% during trading 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.

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, January 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Close Brothers Group has an average rating of “Buy”.

Close Brothers Group Stock Up 577.2%

The stock has a 50 day moving average of $14.58 and a 200-day moving average of $13.20.

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.