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

Close Brothers Group (LON:CBG)‘s stock had its “buy” rating reissued by investment analysts at Shore Capital in a research note issued on Monday, MarketBeat reports.

Several other analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on Close Brothers Group in a report on Friday, July 5th. They set 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 target for the company from GBX 375 ($4.95) to GBX 620 ($8.19) in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Close Brothers Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 624 ($8.24).

Close Brothers Group Trading Up 1.1 %

Shares of LON:CBG opened at GBX 525.50 ($6.94) on Monday. The stock has a market capitalization of £790.82 million, a P/E ratio of 553.16, 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 ($3.67) and a 1-year high of GBX 911.50 ($12.04). The business has a 50-day moving average price of GBX 508.53 and a two-hundred day moving average price of GBX 465.20.

Insider Activity at Close Brothers Group

In related news, insider Mike Morgan sold 7,920 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of GBX 506 ($6.68), for a total value of £40,075.20 ($52,939.50). In the last three months, insiders acquired 90 shares of company stock worth $45,096. 2.93% of the stock is owned by company insiders.

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.