Close Brothers Group (LON:CBG) Given “Buy” Rating at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Close Brothers Group (LON:CBG) in a report published on Tuesday, MarketBeat Ratings reports.

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 610 ($7.61) price target on shares of Close Brothers Group in a report on Friday, November 22nd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 556.60 ($6.94).

Close Brothers Group Stock Performance

Shares of CBG opened at GBX 221.20 ($2.76) on Tuesday. The company has a market capitalization of £332.88 million, a PE ratio of 368.67, a PEG ratio of 1.87 and a beta of 0.82. The company’s 50 day moving average price is GBX 224.57 and its 200 day moving average price is GBX 379.59. Close Brothers Group has a 52 week low of GBX 179.83 ($2.24) and a 52 week high of GBX 800 ($9.98).

Insider Activity at Close Brothers Group

In related news, insider Mike Morgan sold 10,885 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of GBX 241 ($3.01), for a total value of £26,232.85 ($32,725.61). 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.