Close Brothers Group's (CBG) Buy Rating Reiterated at Shore Capital

Close Brothers Group (LON:CBG - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Shore Capital in a note issued to investors on Tuesday, Marketbeat reports.

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

Close Brothers Group Price Performance

Shares of LON CBG traded down GBX 6.80 ($0.08) during midday trading on Tuesday, reaching GBX 226.20 ($2.82). 1,171,295 shares of the stock were exchanged, compared to its average volume of 790,972. Close Brothers Group has a 12 month low of GBX 179.83 ($2.24) and a 12 month high of GBX 800 ($9.98). The business has a 50-day simple moving average of GBX 224.57 and a two-hundred day simple moving average of GBX 379.59. The company has a market capitalization of £340.41 million, a price-to-earnings ratio of 377.00, a P/E/G ratio of 1.87 and a beta of 0.82.

Insider Activity at Close Brothers Group

In other news, insider Mike Morgan sold 10,885 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of GBX 241 ($3.01), for a total transaction of £26,232.85 ($32,725.61). 2.91% of the stock is owned by 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.