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

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

Other equities analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft began coverage on Close Brothers Group in a research note on Friday, July 5th. They issued a “buy” rating and a GBX 610 ($7.98) target price on the stock. Royal Bank of Canada upgraded Close Brothers Group to an “outperform” rating and increased their price target for the stock from GBX 375 ($4.90) to GBX 620 ($8.11) in a report on Thursday, August 29th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 624 ($8.16).

Close Brothers Group Stock Performance

Shares of Close Brothers Group stock opened at GBX 514.50 ($6.73) on Monday. Close Brothers Group has a 52 week low of GBX 278 ($3.64) and a 52 week high of GBX 911.50 ($11.92). The stock has a market capitalization of £774.27 million, a price-to-earnings ratio of 541.58, a PEG ratio of 1.87 and a beta of 0.82. The firm has a fifty day moving average of GBX 506.81 and a two-hundred day moving average of GBX 462.98.

Insider Buying and Selling

In related news, insider Mike Morgan sold 7,920 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of GBX 506 ($6.62), for a total transaction of £40,075.20 ($52,406.43). Over the last three months, insiders bought 90 shares of company stock worth $45,096. 2.93% of the stock is owned by corporate 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.