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

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

A number of other equities analysts have also commented on the company. Royal Bank of Canada raised Close Brothers Group to an “outperform” rating and boosted their price objective for the stock from GBX 375 ($4.90) to GBX 620 ($8.10) in a research note on Thursday, August 29th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Close Brothers Group in a report on Friday, July 5th. They set a “buy” rating and a GBX 610 ($7.97) price objective on the stock. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Close Brothers Group has a consensus rating of “Buy” and a consensus target price of GBX 556.60 ($7.27).

Close Brothers Group Price Performance

Shares of CBG traded up GBX 4.40 ($0.06) on Wednesday, hitting GBX 384 ($5.01). The company’s stock had a trading volume of 323,976 shares, compared to its average volume of 905,084. The company has a market capitalization of £577.88 million, a PE ratio of 640.00, a PEG ratio of 1.87 and a beta of 0.82. Close Brothers Group has a fifty-two week low of GBX 278 ($3.63) and a fifty-two week high of GBX 851.50 ($11.12). The company has a 50 day moving average price of GBX 467.15 and a 200 day moving average price of GBX 468.79.

Insider Transactions at Close Brothers Group

In other news, insider Michael N. Biggs purchased 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were acquired at an average price of GBX 416 ($5.43) per share, for a total transaction of £14,560 ($19,012.80). Insiders bought a total of 3,600 shares of company stock worth $1,501,136 over the last 90 days. 2.91% of the stock is 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.