Close Brothers Group (LON:CBG) Given Buy Rating at Deutsche Bank Aktiengesellschaft

Close Brothers Group (LON:CBG)‘s stock had its “buy” rating restated by research analysts at Deutsche Bank Aktiengesellschaft in a report released on Friday,Digital Look reports. They presently have a GBX 610 ($7.68) price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 202.36% from the stock’s current price.

CBG has been the subject of a number of other research reports. Royal Bank of Canada upgraded Close Brothers Group to an “outperform” rating and lifted their price target for the company from GBX 375 ($4.72) to GBX 620 ($7.81) in a research report on Thursday, August 29th. Shore Capital reiterated a “buy” rating on shares of Close Brothers Group in a research report on Thursday. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 556.60 ($7.01).

Close Brothers Group Trading Down 5.9 %

Shares of CBG traded down GBX 12.66 ($0.16) during mid-day trading on Friday, reaching GBX 201.74 ($2.54). 1,253,815 shares of the stock traded hands, compared to its average volume of 1,009,340. Close Brothers Group has a 1 year low of GBX 179.83 ($2.26) and a 1 year high of GBX 828 ($10.42). The company has a market cap of £303.60 million, a price-to-earnings ratio of 336.24, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. The firm has a fifty day moving average price of GBX 341.36 and a 200 day moving average price of GBX 434.29.

Insider Transactions at Close Brothers Group

In other news, insider Michael N. Biggs bought 3,500 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was bought at an average cost of GBX 416 ($5.24) per share, for a total transaction of £14,560 ($18,330.61). Over the last 90 days, insiders have bought 3,567 shares of company stock worth $1,485,824. Insiders own 2.91% of the company’s stock.

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.