Shore Capital Reaffirms Buy Rating for Close Brothers Group (LON:CBG)

Posted by Defense World Staff on Jan 9th, 2025

Close Brothers Group (LON:CBG – Get Free Report)‘s stock had its “buy” rating reissued by analysts at Shore Capital in a report issued on Tuesday, Marketbeat.com reports.

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 610 ($7.54) price objective on shares of Close Brothers Group in a research note on Friday, November 22nd. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 556.60 ($6.88).

Check Out Our Latest Report on CBG

Close Brothers Group Price Performance

Shares of LON:CBG opened at GBX 217.40 ($2.69) on Tuesday. Close Brothers Group has a 12 month low of GBX 179.83 ($2.22) and a 12 month high of GBX 800 ($9.89). The firm has a market capitalization of £327.17 million, a P/E ratio of 362.33, a P/E/G ratio of 1.87 and a beta of 0.82. The company’s fifty day moving average price is GBX 224 and its 200 day moving average price is GBX 378.

Insider Activity

In related news, insider Mike Morgan sold 10,885 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of GBX 241 ($2.98), for a total transaction of £26,232.85 ($32,426.27). Company insiders own 2.91% of the company’s stock.

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.