Deutsche Bank Aktiengesellschaft Reaffirms “Buy” Rating for Close Brothers Group (LON:CBG)

Close Brothers Group (LON:CBG)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Friday, Marketbeat Ratings reports. They presently have a GBX 610 ($7.65) price objective on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 204.39% from the stock’s current price.

CBG has been the subject of several other research reports. Shore Capital restated a “buy” rating on shares of Close Brothers Group in a report on Thursday. Royal Bank of Canada upgraded Close Brothers Group to an “outperform” rating and boosted their price objective for the company from GBX 375 ($4.70) to GBX 620 ($7.77) in a report on Thursday, August 29th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 556.60 ($6.98).

Close Brothers Group Price Performance

LON CBG opened at GBX 200.40 ($2.51) on Friday. The business has a 50 day simple moving average of GBX 334.73 and a 200 day simple moving average of GBX 432.67. Close Brothers Group has a one year low of GBX 179.83 ($2.25) and a one year high of GBX 828 ($10.38). The stock has a market capitalization of £301.58 million, a P/E ratio of 334.00, a P/E/G ratio of 1.87 and a beta of 0.82.

Insider Activity at Close Brothers Group

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