Close Brothers Group (LON:CBG) Earns “Buy” Rating from Shore Capital

Close Brothers Group (LON:CBG)‘s stock had its “buy” rating reiterated by investment analysts at Shore Capital in a research report issued to clients and investors on Friday, Marketbeat.com reports.

Several other research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft started coverage on Close Brothers Group in a research report on Friday, July 5th. They set a “buy” rating and a GBX 610 ($7.92) price target for the company. Royal Bank of Canada raised Close Brothers Group to an “outperform” rating and increased their price objective for the company from GBX 375 ($4.87) to GBX 620 ($8.05) in a report on Thursday, August 29th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Close Brothers Group has an average rating of “Buy” and a consensus target price of GBX 556.60 ($7.23).

Close Brothers Group Price Performance

Close Brothers Group stock opened at GBX 276.60 ($3.59) on Friday. The company has a market cap of £416.26 million, a price-to-earnings ratio of 461.00, a P/E/G ratio of 1.87 and a beta of 0.82. The firm has a 50-day moving average of GBX 449.49 and a 200-day moving average of GBX 464.89. Close Brothers Group has a one year low of GBX 276.60 ($3.59) and a one year high of GBX 844.10 ($10.96).

Insiders Place Their Bets

In other Close Brothers Group news, insider Michael N. Biggs acquired 3,500 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was bought at an average cost of GBX 416 ($5.40) per share, with a total value of £14,560 ($18,904.18). Insiders have acquired a total of 3,600 shares of company stock valued at $1,501,136 over the last 90 days. 2.91% of the stock is currently owned by 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.