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

Shore Capital reiterated their buy rating on shares of Close Brothers Group (LON:CBG) in a research report report published on Wednesday morning, MarketBeat reports.

A number of other research firms have also recently weighed in on CBG. Royal Bank of Canada raised shares of Close Brothers Group to an “outperform” rating and boosted their target price for the stock from GBX 375 ($4.90) to GBX 620 ($8.10) in a research note on Thursday, August 29th. Deutsche Bank Aktiengesellschaft began coverage on Close Brothers Group in a research 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 data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 556.60 ($7.27).

Close Brothers Group Trading Up 0.5 %

CBG opened at GBX 386 ($5.04) on Wednesday. The company has a market cap of £580.89 million, a P/E ratio of 640.00, a PEG ratio of 1.87 and a beta of 0.82. The company’s 50 day moving average is GBX 465.40 and its 200-day moving average is GBX 468.20. Close Brothers Group has a 1-year low of GBX 278 ($3.63) and a 1-year high of GBX 851.50 ($11.12).

Insider Activity

In other Close Brothers Group news, insider Michael N. Biggs acquired 3,500 shares of Close Brothers Group stock in a transaction that occurred on Tuesday, September 24th. The shares were bought at an average price of GBX 416 ($5.43) per share, with a total value of £14,560 ($19,012.80). Over the last 90 days, insiders acquired 3,600 shares of company stock valued at $1,501,136. 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.