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

Close Brothers Group (LON:CBG)‘s stock had its “outperform” rating reissued by research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Thursday, Marketbeat reports. They presently have a GBX 430 ($5.57) price target on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 42.34% from the company’s current price.

A number of other equities research analysts have also recently commented on CBG. Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a research note on Tuesday, March 18th. Deutsche Bank Aktiengesellschaft reduced their target price on Close Brothers Group from GBX 610 ($7.90) to GBX 600 ($7.77) and set a “hold” rating for the company in a research note on Thursday, February 13th.

Close Brothers Group Stock Down 8.7 %

CBG stock opened at GBX 302.10 ($3.91) on Thursday. The company’s 50-day moving average price is GBX 318.19 and its two-hundred day moving average price is GBX 304.46. Close Brothers Group has a 12 month low of GBX 179.83 ($2.33) and a 12 month high of GBX 564 ($7.30). The firm has a market cap of £455.15 million, a P/E ratio of 4.55, a P/E/G ratio of 1.87 and a beta of 0.82.

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

Insiders Place Their Bets

In other news, insider Michael N. Biggs purchased 5,000 shares of the stock in a transaction on Wednesday, March 19th. The shares were acquired at an average price of GBX 288 ($3.73) per share, for a total transaction of £14,400 ($18,638.36). 2.91% of the stock is owned by corporate insiders.

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.