Close Brothers Group’s (CBG) “Buy” Rating Reiterated at Shore Capital

Close Brothers Group (LON:CBG)‘s stock had its “buy” rating reissued by research analysts at Shore Capital in a research report issued on Friday, Digital Look reports.

A number of other equities research analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft began coverage on Close Brothers Group in a research note on Friday, July 5th. They issued a “buy” rating and a GBX 610 ($7.92) price target for the company. Royal Bank of Canada raised Close Brothers Group to an “outperform” rating and lifted their target price for the company from GBX 375 ($4.87) to GBX 620 ($8.05) in a research note on Thursday, August 29th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 556.60 ($7.23).

Close Brothers Group Stock Performance

Shares of CBG traded down GBX 80.40 ($1.04) during mid-day trading on Friday, reaching GBX 287 ($3.73). The stock had a trading volume of 5,129,422 shares, compared to its average volume of 912,453. The firm has a market cap of £431.91 million, a price-to-earnings ratio of 489.29, a PEG ratio of 1.87 and a beta of 0.82. Close Brothers Group has a 12 month low of GBX 278 ($3.61) and a 12 month high of GBX 844.10 ($10.96). The business has a fifty day moving average of GBX 453.50 and a 200 day moving average of GBX 465.95.

Insider Activity at Close Brothers Group

In other news, insider Michael N. Biggs acquired 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average cost of GBX 416 ($5.40) per share, with a total value of £14,560 ($18,904.18). Over the last three months, insiders bought 3,600 shares of company stock valued at $1,501,136. Insiders own 2.91% of the company’s stock.

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.