Close Brothers Group's (CBG) "Buy" Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their buy rating on shares of Close Brothers Group (LON:CBG - Free Report) in a research report report published on Friday, Marketbeat Ratings reports. They currently have a GBX 610 ($7.65) target price on the stock.

CBG has been the subject of several other research reports. Shore Capital reiterated a "buy" rating on shares of Close Brothers Group in a research note on Thursday. Royal Bank of Canada raised shares of Close Brothers Group to an "outperform" rating and increased their price target for the stock 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, According to MarketBeat.com, Close Brothers Group has an average rating of "Buy" and a consensus price target of GBX 556.60 ($6.98).

Close Brothers Group Stock Performance

CBG traded down GBX 14 ($0.18) during trading on Friday, reaching GBX 200.40 ($2.51). The company had a trading volume of 1,441,314 shares, compared to its average volume of 1,010,244. The company has a market cap of £301.58 million, a price-to-earnings ratio of 334.00, a PEG ratio of 1.87 and a beta of 0.82. Close Brothers Group has a 12-month low of GBX 179.83 ($2.25) and a 12-month high of GBX 828 ($10.38). The firm's 50-day simple moving average is GBX 334.73 and its 200 day simple moving average is GBX 432.67.

Insider Buying and Selling at Close Brothers Group

In related news, insider Michael N. Biggs acquired 3,500 shares of the stock in a transaction dated Tuesday, September 24th. The stock was bought at an average cost of GBX 416 ($5.21) per share, for a total transaction of £14,560 ($18,252.48). Insiders bought a total of 3,567 shares of company stock worth $1,485,824 over the last three months. Corporate 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.