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

Shore Capital reaffirmed their buy rating on shares of Close Brothers Group (LON:CBG) in a report issued on Monday morning, Marketbeat.com reports.

CBG has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Close Brothers Group in a report on Friday, July 5th. They issued a buy rating and a GBX 610 ($8.06) price objective for the company. Royal Bank of Canada raised Close Brothers Group to an outperform rating and upped their price objective for the stock from GBX 375 ($4.95) to GBX 620 ($8.19) in a research report on Thursday, August 29th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of GBX 624 ($8.24).

Close Brothers Group Trading Down 5.6 %

CBG stock opened at GBX 498 ($6.58) on Monday. The business’s fifty day moving average price is GBX 509.35 and its 200 day moving average price is GBX 465.86. Close Brothers Group has a 12-month low of GBX 278 ($3.67) and a 12-month high of GBX 911.50 ($12.04). The company has a market capitalization of £749.44 million, a PE ratio of 524.21, a P/E/G ratio of 1.87 and a beta of 0.82.

Insider Buying and Selling at Close Brothers Group

In other Close Brothers Group news, insider Mike Morgan sold 7,985 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of GBX 429 ($5.67), for a total transaction of £34,255.65 ($45,251.85). In the last ninety days, insiders have purchased 90 shares of company stock worth $45,096. 2.93% of the stock is currently owned by insiders.

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.