Close Brothers Group (LON:CBG) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Stock analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of Close Brothers Group (LON:CBG) in a report issued on Friday, MarketBeat.com reports. The firm set a “buy” rating and a GBX 610 ($7.72) price target on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 24.14% from the stock’s current price.

Several other equities analysts have also recently weighed in on CBG. Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a research report on Wednesday, May 22nd. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 375 ($4.74) price target on shares of Close Brothers Group in a report on Wednesday, March 20th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 583.17 ($7.38).

Close Brothers Group Price Performance

Shares of Close Brothers Group stock opened at GBX 491.40 ($6.22) on Friday. Close Brothers Group has a one year low of GBX 278 ($3.52) and a one year high of GBX 989.50 ($12.52). The business has a 50-day simple moving average of GBX 462.07 and a 200 day simple moving average of GBX 493.35. The firm has a market capitalization of £739.51 million, a price-to-earnings ratio of 517.26, a PEG ratio of 1.87 and a beta of 0.80.

Insider Buying and Selling at Close Brothers Group

In other news, insider Mike Morgan sold 7,985 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of GBX 429 ($5.43), for a total value of £34,255.65 ($43,328.67). In other news, insider Mark Pain purchased 4,000 shares of the business’s stock in a transaction on Friday, April 19th. The stock was purchased at an average cost of GBX 444 ($5.62) per share, with a total value of £17,760 ($22,463.95). Also, insider Mike Morgan sold 7,985 shares of Close Brothers Group stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of GBX 429 ($5.43), for a total transaction of £34,255.65 ($43,328.67). Insiders have acquired a total of 4,562 shares of company stock valued at $2,032,570 over the last three months. 2.11% 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.