Shore Capital Reiterates Buy Rating for Close Brothers Group (LON:CBG)

Close Brothers Group (LON:CBG)‘s stock had its “buy” rating restated by analysts at Shore Capital in a report issued on Thursday, MarketBeat.com reports.

Separately, Royal Bank of Canada raised shares of Close Brothers Group to an “outperform” rating and increased their price objective for the company from GBX 375 ($4.70) to GBX 620 ($7.77) in a research report on Thursday, August 29th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 556.60 ($6.98).

Close Brothers Group Trading Down 6.5 %

Shares of Close Brothers Group stock opened at GBX 200.40 ($2.51) on Thursday. Close Brothers Group has a twelve month low of GBX 179.83 ($2.25) and a twelve month high of GBX 828 ($10.38). The stock has a market cap of £301.58 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 company has a fifty day moving average price of GBX 341.36 and a 200 day moving average price of GBX 434.29.

Insider Buying and Selling at Close Brothers Group

In other news, insider Michael N. Biggs purchased 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were acquired at an average cost of GBX 416 ($5.21) per share, with a total value of £14,560 ($18,252.48). Insiders acquired a total of 3,567 shares of company stock worth $1,485,824 in the last 90 days. 2.91% 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.