Deutsche Bank Aktiengesellschaft Reiterates Buy Rating for Close Brothers Group (LON:CBG)

Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of Close Brothers Group (LON:CBG) in a research note released on Friday morning, Marketbeat Ratings reports. The brokerage currently has a GBX 610 ($7.65) target price on the stock.

Several other research firms have also recently weighed in on CBG. Royal Bank of Canada upgraded shares of Close Brothers Group to an “outperform” rating and upped their price objective for the stock from GBX 375 ($4.70) to GBX 620 ($7.77) in a research report on Thursday, August 29th. Shore Capital reissued a “buy” rating on shares of Close Brothers Group in a report on Thursday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 556.60 ($6.98).

Close Brothers Group Stock Down 6.5 %

Close Brothers Group stock opened at GBX 200.40 ($2.51) on Friday. The stock has a market cap of £301.58 million, a price-to-earnings ratio of 336.24, a PEG ratio of 1.87 and a beta of 0.82. The business has a 50-day simple moving average of GBX 341.36 and a 200 day simple moving average of GBX 434.29. Close Brothers Group has a 52 week low of GBX 179.83 ($2.25) and a 52 week high of GBX 828 ($10.38).

Insider Buying and Selling at Close Brothers Group

In related news, insider Michael N. Biggs acquired 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were purchased at an average price of GBX 416 ($5.21) per share, for a total transaction of £14,560 ($18,252.48). Insiders have acquired 3,567 shares of company stock worth $1,485,824 over the last ninety days. Insiders own 2.91% of the company’s stock.

About Close Brothers Group

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.