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

Close Brothers Group logo with Financial Services background
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Close Brothers Group (LON:CBG - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Shore Capital in a note issued to investors on Monday,Digital Look reports.

Separately, Deutsche Bank Aktiengesellschaft lowered their price target on Close Brothers Group from GBX 610 ($7.86) to GBX 600 ($7.73) and set a "hold" rating for the company in a report on Thursday, February 13th.

Check Out Our Latest Report on CBG

Close Brothers Group Trading Down 0.3 %

Shares of LON:CBG traded down GBX 1 ($0.01) on Monday, reaching GBX 333.80 ($4.30). The company had a trading volume of 20,822,775 shares, compared to its average volume of 2,579,874. The firm has a market capitalization of £502.91 million, a PE ratio of 5.03, a PEG ratio of 1.87 and a beta of 0.82. Close Brothers Group has a 52-week low of GBX 179.83 ($2.32) and a 52-week high of GBX 564 ($7.27). The firm's 50 day simple moving average is GBX 291.08 and its 200-day simple moving average is GBX 325.98.

Insiders Place Their Bets

In other Close Brothers Group news, insider Mike Morgan sold 10,885 shares of Close Brothers Group stock in a transaction on Friday, December 13th. The shares were sold at an average price of GBX 241 ($3.11), for a total transaction of £26,232.85 ($33,805.22). 2.91% of the stock is currently owned by company insiders.

About Close Brothers Group

(Get Free Report)

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.

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