Keefe, Bruyette & Woods Reiterates “Outperform” Rating for Close Brothers Group (LON:CBG)

Close Brothers Group (LON:CBG)‘s stock had its “outperform” rating reissued by equities research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Thursday,Digital Look reports. They currently have a GBX 430 ($5.54) target price on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 30.22% from the company’s previous close.

Several other research firms have also recently weighed in on CBG. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Close Brothers Group from GBX 610 ($7.85) to GBX 600 ($7.72) and set a “hold” rating for the company in a report on Thursday, February 13th. Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a research note on Tuesday, March 18th.

Close Brothers Group Stock Performance

Shares of Close Brothers Group stock traded up GBX 25.20 ($0.32) during trading on Thursday, hitting GBX 330.20 ($4.25). 1,195,440 shares of the stock traded hands, compared to its average volume of 2,457,038. The stock has a market cap of £497.49 million, a P/E ratio of 4.98, a PEG ratio of 1.87 and a beta of 0.82. The company has a fifty day moving average price of GBX 314.95 and a two-hundred day moving average price of GBX 304.30. Close Brothers Group has a twelve month low of GBX 179.83 ($2.32) and a twelve month high of GBX 564 ($7.26).

Close Brothers Group (LON:CBG) last posted its 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, equities research analysts expect that Close Brothers Group will post 66.0070671 EPS for the current fiscal year.

Insider Buying and Selling at Close Brothers Group

In related news, insider Michael N. Biggs acquired 5,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was purchased at an average price of GBX 288 ($3.71) per share, for a total transaction of £14,400 ($18,539.98). Corporate 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.