Close Brothers Group’s (CBG) “Outperform” Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their outperform rating on shares of Close Brothers Group (LON:CBG) in a research report sent to investors on Thursday morning, MarketBeat reports. Keefe, Bruyette & Woods currently has a GBX 430 ($5.57) price objective on the stock.

A number of other research analysts also recently commented on CBG. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Close Brothers Group from GBX 610 ($7.90) to GBX 600 ($7.77) and set a “hold” rating on the stock in a research note on Thursday, February 13th. Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a research report on Tuesday, March 18th.

Close Brothers Group Trading Up 8.0 %

Shares of LON CBG opened at GBX 329.40 ($4.26) on Thursday. The stock has a fifty day moving average price of GBX 317.03 and a 200 day moving average price of GBX 304.47. Close Brothers Group has a 12-month low of GBX 179.83 ($2.33) and a 12-month high of GBX 564 ($7.30). The company has a market cap of £496.29 million, a P/E ratio of 4.96, a P/E/G ratio of 1.87 and a beta of 0.82.

Close Brothers Group (LON:CBG) last posted its earnings results on Tuesday, March 18th. The company reported GBX 30.90 ($0.40) EPS for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. On average, sell-side analysts forecast that Close Brothers Group will post 66.0070671 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Michael N. Biggs bought 5,000 shares of Close Brothers Group stock in a transaction dated Wednesday, March 19th. The stock was acquired at an average cost of GBX 288 ($3.73) per share, with a total value of £14,400 ($18,643.19). 2.91% of the stock is currently owned by 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.