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

Close Brothers Group (LON:CBG)‘s stock had its “buy” rating restated by analysts at Shore Capital in a report released on Thursday, Marketbeat reports.

Separately, Royal Bank of Canada raised Close Brothers Group to an “outperform” rating and lifted 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Close Brothers Group has a consensus rating of “Buy” and an average target price of GBX 556.60 ($6.98).

Close Brothers Group Stock Performance

LON:CBG opened at GBX 200.40 ($2.51) on Thursday. The firm has a market cap of £301.58 million, a P/E ratio of 336.24, a P/E/G ratio of 1.87 and a beta of 0.82. Close Brothers Group has a one year low of GBX 179.83 ($2.25) and a one year high of GBX 828 ($10.38). The firm has a 50-day simple moving average of GBX 341.36 and a 200-day simple moving average of GBX 434.29.

Insider Activity at Close Brothers Group

In related news, insider Michael N. Biggs bought 3,500 shares of the stock in a transaction on Tuesday, September 24th. The stock was bought at an average price of GBX 416 ($5.21) per share, with a total value of £14,560 ($18,252.48). Over the last quarter, insiders bought 3,567 shares of company stock valued at $1,485,824. 2.91% of the stock is owned by company 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.