Close Brothers Group (LON:CBG) Given “Buy” Rating at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Close Brothers Group (LON:CBG) in a report released on Monday morning,Digital Look reports.

Separately, Deutsche Bank Aktiengesellschaft cut their price objective on Close Brothers Group from GBX 610 ($7.75) to GBX 600 ($7.62) and set a “hold” rating for the company in a research report on Thursday, February 13th.

Close Brothers Group Price Performance

CBG stock opened at GBX 335 ($4.26) on Monday. The firm has a market cap of £504.72 million, a PE ratio of 5.05, a P/E/G ratio of 1.87 and a beta of 0.82. Close Brothers Group has a 12 month low of GBX 179.83 ($2.29) and a 12 month high of GBX 564 ($7.17). The firm has a 50 day simple moving average of GBX 282.46 and a 200 day simple moving average of GBX 328.99.

Insiders Place Their Bets

In related news, insider Mike Morgan sold 10,885 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of GBX 241 ($3.06), for a total value of £26,232.85 ($33,336.96). Corporate insiders own 2.91% of the company’s stock.

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.