Close Brothers Group (LON:CBG) Given Outperform Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their outperform rating on shares of Close Brothers Group (LON:CBG) in a report released on Thursday morning, Marketbeat reports. Keefe, Bruyette & Woods currently has a GBX 430 ($5.57) target price on the stock.

Other equities analysts also recently issued research reports about the stock. Shore Capital reiterated a “buy” rating on shares of Close Brothers Group in a report on Tuesday, March 18th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Close Brothers Group from GBX 610 ($7.90) to GBX 600 ($7.77) and set a “hold” rating on the stock in a research note on Thursday, February 13th.

Close Brothers Group Trading Up 8.0 %

Close Brothers Group stock opened at GBX 329.40 ($4.26) on Thursday. The firm has a market capitalization of £496.29 million, a price-to-earnings ratio of 4.96, 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 ($2.33) and a 12-month high of GBX 564 ($7.30). The firm has a 50 day moving average of GBX 317.03 and a 200 day moving average of GBX 304.47.

Close Brothers Group (LON:CBG) last released its quarterly earnings results on Tuesday, March 18th. The company reported GBX 30.90 ($0.40) earnings per share (EPS) for the quarter. Close Brothers Group had a net margin of 7.79% and a return on equity of 5.78%. On average, analysts predict that Close Brothers Group will post 66.0070671 EPS for the current year.

Insider Buying and Selling

In other news, insider Michael N. Biggs purchased 5,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were bought at an average price of GBX 288 ($3.73) per share, with a total value of £14,400 ($18,643.19). Insiders own 2.91% of the company’s stock.

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.