Close Brothers Group’s (CBG) “Buy” Rating Reaffirmed at Shore Capital

Close Brothers Group (LON:CBG)‘s stock had its “buy” rating reaffirmed by stock analysts at Shore Capital in a research note issued to investors on Tuesday,Digital Look reports.

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 610 ($7.63) price target on shares of Close Brothers Group in a research report on Friday, November 22nd. Five analysts have rated the stock with a buy rating, According to MarketBeat, Close Brothers Group has a consensus rating of “Buy” and a consensus price target of GBX 556.60 ($6.96).

Close Brothers Group Trading Down 2.7 %

Shares of LON:CBG traded down GBX 6.20 ($0.08) on Tuesday, reaching GBX 226.80 ($2.84). The company had a trading volume of 25,561,895 shares, compared to its average volume of 6,888,622. The firm has a market capitalization of £341.31 million, a PE ratio of 378.00, a PEG ratio of 1.87 and a beta of 0.82. Close Brothers Group has a 52-week low of GBX 179.83 ($2.25) and a 52-week high of GBX 800 ($10.01). The firm’s 50 day simple moving average is GBX 224.57 and its 200-day simple moving average is GBX 379.59.

Insider Transactions at Close Brothers Group

In other Close Brothers Group 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 ($3.02), for a total transaction of £26,232.85 ($32,819.78). 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.