Close Brothers Group (LON:CBG) Earns “Buy” Rating from Shore Capital

Close Brothers Group (LON:CBG)‘s stock had its “buy” rating restated by equities researchers at Shore Capital in a note issued to investors on Tuesday,Digital Look reports.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 610 ($7.63) price objective on shares of Close Brothers Group in a report on Friday, November 22nd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Close Brothers Group currently has an average rating of “Buy” and an average price target of GBX 556.60 ($6.96).

Close Brothers Group Stock Down 2.7 %

LON CBG traded down GBX 6.20 ($0.08) on Tuesday, reaching GBX 226.80 ($2.84). The company had a trading volume of 25,561,895 shares, compared to its average volume of 6,888,622. The firm’s 50 day moving average price is GBX 224.57 and its 200 day moving average price is GBX 379.59. Close Brothers Group has a 12 month low of GBX 179.83 ($2.25) and a 12 month high of GBX 800 ($10.01). The stock has a market capitalization of £341.31 million, a PE ratio of 378.00, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82.

Insider Activity at Close Brothers Group

In other Close Brothers Group news, insider Mike Morgan sold 10,885 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of GBX 241 ($3.02), for a total value of £26,232.85 ($32,819.78). 2.91% 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.