Shore Capital Reaffirms Buy Rating for Close Brothers Group (LON:CBG)

Shore Capital reissued their buy rating on shares of Close Brothers Group (LON:CBG) in a research note published on Wednesday, Marketbeat reports.

A number of other research firms also recently commented on CBG. Deutsche Bank Aktiengesellschaft initiated coverage on Close Brothers Group in a report on Friday, July 5th. They issued a “buy” rating and a GBX 610 ($7.97) target price for the company. Royal Bank of Canada raised shares of Close Brothers Group to an “outperform” rating and boosted their price objective for the stock from GBX 375 ($4.90) to GBX 620 ($8.10) in a report on Thursday, August 29th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 556.60 ($7.27).

Close Brothers Group Trading Down 1.9 %

LON CBG opened at GBX 383.20 ($5.00) on Wednesday. The stock has a market capitalization of £576.68 million, a price-to-earnings ratio of 638.67, a PEG ratio of 1.87 and a beta of 0.82. The business’s 50 day moving average is GBX 462 and its two-hundred day moving average is GBX 467.86. Close Brothers Group has a 12-month low of GBX 278 ($3.63) and a 12-month high of GBX 844.10 ($11.02).

Insider Transactions at Close Brothers Group

In related news, insider Michael N. Biggs acquired 3,500 shares of Close Brothers Group stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average cost of GBX 416 ($5.43) per share, for a total transaction of £14,560 ($19,012.80). Insiders bought 3,600 shares of company stock valued at $1,501,136 in the last 90 days. 2.91% of the stock is currently 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.