Close Brothers Group (LON:CBG) Stock Rating Reaffirmed by Shore Capital

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

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

Close Brothers Group Price Performance

Shares of LON CBG opened at GBX 383.20 ($5.00) on Wednesday. The company has a market capitalization of £576.68 million, a P/E ratio of 638.67, a P/E/G ratio of 1.87 and a beta of 0.82. Close Brothers Group has a 1 year low of GBX 278 ($3.63) and a 1 year high of GBX 844.10 ($11.02). The company has a 50 day simple moving average of GBX 462 and a 200-day simple moving average of GBX 467.86.

Insider Activity

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