Close Brothers Group (LON:CBG) Earns “Buy” Rating from Deutsche Bank Aktiengesellschaft

Close Brothers Group (LON:CBG)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Friday, Marketbeat.com reports. They presently have a GBX 610 ($7.65) target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 204.39% from the company’s previous close.

CBG has been the subject of several other reports. Royal Bank of Canada upgraded Close Brothers Group to an “outperform” rating and upped their price objective for the stock from GBX 375 ($4.70) to GBX 620 ($7.77) in a research report on Thursday, August 29th. Shore Capital restated a “buy” rating on shares of Close Brothers Group in a research report on Thursday. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 556.60 ($6.98).

Close Brothers Group Stock Down 6.5 %

Shares of CBG stock opened at GBX 200.40 ($2.51) on Friday. Close Brothers Group has a twelve month low of GBX 179.83 ($2.25) and a twelve month high of GBX 828 ($10.38). The company has a market cap of £301.58 million, a P/E ratio of 334.00, a P/E/G ratio of 1.87 and a beta of 0.82. The business has a fifty day simple moving average of GBX 334.73 and a 200 day simple moving average of GBX 432.67.

Insider Buying and Selling at Close Brothers Group

In related news, insider Michael N. Biggs purchased 3,500 shares of the firm’s stock in a transaction dated 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 three months, insiders bought 3,567 shares of company stock worth $1,485,824. 2.91% of the stock is currently owned by 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.