Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Close Brothers Group (LON:CBG) Stock Price

Posted by Defense World Staff on Feb 15th, 2025

Close Brothers Group (LON:CBG – Get Free Report) had its target price reduced by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 610 ($7.68) to GBX 600 ($7.55) in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 72.41% from the company’s previous close.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Close Brothers Group in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 554.60 ($6.98).

Get Our Latest Stock Analysis on Close Brothers Group

Close Brothers Group Stock Performance

Shares of CBG opened at GBX 348 ($4.38) on Thursday. The stock’s fifty day moving average is GBX 265.56 and its 200-day moving average is GBX 342.81. The firm has a market capitalization of £524.30 million, a price-to-earnings ratio of 5.24, a price-to-earnings-growth ratio of 1.87 and a beta of 0.82. Close Brothers Group has a one year low of GBX 179.83 ($2.26) and a one year high of GBX 564 ($7.10).

Insider Buying and Selling

In related news, insider Mike Morgan sold 10,885 shares of Close Brothers Group stock in a transaction dated Friday, December 13th. The stock was sold at an average price of GBX 241 ($3.03), for a total value of £26,232.85 ($33,018.06). 2.91% of the stock is currently owned by company insiders.

Close Brothers Group Company Profile

(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.