Close Brothers Group’s (CBG) “Buy” Rating Reiterated at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Close Brothers Group (LON:CBG) in a research report sent to investors on Tuesday morning,Digital Look reports.

Separately, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Close Brothers Group from GBX 610 ($7.91) to GBX 600 ($7.78) and set a “hold” rating for the company in a research note on Thursday, February 13th.

Close Brothers Group Trading Down 3.9 %

LON CBG opened at GBX 274 ($3.55) on Tuesday. The company’s fifty day simple moving average is GBX 308.27 and its 200-day simple moving average is GBX 313.01. Close Brothers Group has a 52 week low of GBX 179.83 ($2.33) and a 52 week high of GBX 564 ($7.31). The stock has a market cap of £412.81 million, a P/E ratio of 4.13, a PEG ratio of 1.87 and a beta of 0.82.

Close Brothers Group (LON:CBG) last issued its quarterly earnings results on Tuesday, March 18th. The company reported GBX 30.90 ($0.40) earnings per share (EPS) for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. On average, research analysts expect that Close Brothers Group will post 66.0070671 EPS for the current fiscal year.

Insider Transactions at Close Brothers Group

In related news, insider Michael N. Biggs acquired 5,000 shares of Close Brothers Group stock in a transaction that occurred on Wednesday, March 19th. The stock was acquired at an average price of GBX 288 ($3.73) per share, with a total value of £14,400 ($18,672.20). 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.