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

Shore Capital reissued their buy rating on shares of Close Brothers Group (LON:CBG) in a research report sent to investors on Thursday, Marketbeat reports.

Separately, Royal Bank of Canada upgraded Close Brothers Group to an “outperform” rating and raised their target price for the company from GBX 375 ($4.70) to GBX 620 ($7.77) in a research note on Thursday, August 29th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 556.60 ($6.98).

Close Brothers Group Stock Performance

Shares of LON:CBG opened at GBX 200.40 ($2.51) on Thursday. Close Brothers Group has a twelve month low of GBX 179.83 ($2.25) and a twelve month high of GBX 828 ($10.38). The firm has a market cap of £301.58 million, a PE ratio of 334.00, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The business has a fifty day moving average of GBX 334.73 and a 200-day moving average of GBX 432.67.

Insider Buying and Selling

In related news, insider Michael N. Biggs bought 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was bought at an average cost of GBX 416 ($5.21) per share, for a total transaction of £14,560 ($18,252.48). Insiders bought a total of 3,567 shares of company stock worth $1,485,824 over the last three months. 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.