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

Close Brothers Group (LON:CBG)‘s stock had its “buy” rating reiterated by research analysts at Shore Capital in a research report issued on Tuesday, MarketBeat Ratings reports.

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 610 ($7.54) price objective on shares of Close Brothers Group in a research note on Friday, November 22nd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 556.60 ($6.88).

Close Brothers Group Stock Down 3.9 %

Shares of Close Brothers Group stock opened at GBX 217.40 ($2.69) on Tuesday. The business has a fifty day simple moving average of GBX 224 and a 200-day simple moving average of GBX 378. The stock has a market cap of £327.17 million, a PE ratio of 362.33, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. Close Brothers Group has a 12 month low of GBX 179.83 ($2.22) and a 12 month high of GBX 800 ($9.89).

Insider Activity

In related news, insider Mike Morgan sold 10,885 shares of Close Brothers Group stock in a transaction dated Friday, December 13th. The stock was sold at an average price of GBX 241 ($2.98), for a total transaction of £26,232.85 ($32,426.27). Corporate insiders own 2.91% of the company’s stock.

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.