Close Brothers Group’s (CBG) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their buy rating on shares of Close Brothers Group (LON:CBG) in a research note published on Friday, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a GBX 610 ($7.68) target price on the stock.

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada raised Close Brothers Group to an “outperform” rating and boosted their price target for the stock from GBX 375 ($4.72) to GBX 620 ($7.81) in a research note on Thursday, August 29th. Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a research note on Thursday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 556.60 ($7.01).

Close Brothers Group Trading Down 6.5 %

Shares of CBG stock opened at GBX 200.40 ($2.52) on Friday. Close Brothers Group has a 12-month low of GBX 179.83 ($2.26) and a 12-month high of GBX 828 ($10.43). The company has a market cap of £301.58 million, a price-to-earnings ratio of 334.00, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The stock has a 50 day simple moving average of GBX 334.73 and a 200-day simple moving average of GBX 432.37.

Insider Transactions at Close Brothers Group

In other news, insider Michael N. Biggs purchased 3,500 shares of the stock in a transaction on Tuesday, September 24th. The stock was purchased at an average price of GBX 416 ($5.24) per share, with a total value of £14,560 ($18,335.22). Insiders have acquired 3,567 shares of company stock worth $1,485,824 over the last quarter. 2.91% 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.