Close Brothers Group (LON:CBG) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of Close Brothers Group (LON:CBG) in a research report report published on Friday, MarketBeat reports. The brokerage issued a buy rating and a GBX 610 ($7.81) price objective on the stock.

A number of other research firms have also weighed in on CBG. Royal Bank of Canada reissued a sector perform rating and set a GBX 375 ($4.80) target price on shares of Close Brothers Group in a report on Wednesday, March 20th. Shore Capital reissued a buy rating on shares of Close Brothers Group in a report on Wednesday, May 22nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of GBX 583.17 ($7.47).

Close Brothers Group Trading Up 1.0 %

CBG stock opened at GBX 482 ($6.17) on Friday. The firm has a market capitalization of £725.36 million, a PE ratio of 507.37, a PEG ratio of 1.87 and a beta of 0.80. Close Brothers Group has a 1-year low of GBX 278 ($3.56) and a 1-year high of GBX 989.50 ($12.67). The business’s 50 day simple moving average is GBX 462.32 and its 200 day simple moving average is GBX 484.80.

Insider Buying and Selling at Close Brothers Group

In other news, insider Patricia Halliday acquired 500 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were purchased at an average cost of GBX 453 ($5.80) per share, with a total value of £2,265 ($2,901.24). In related news, insider Patricia Halliday bought 500 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was purchased at an average cost of GBX 453 ($5.80) per share, for a total transaction of £2,265 ($2,901.24). Also, insider Mark Pain bought 4,000 shares of the business’s stock in a transaction dated Friday, April 19th. The shares were bought at an average price of GBX 444 ($5.69) per share, with a total value of £17,760 ($22,748.82). Insiders have bought a total of 4,592 shares of company stock valued at $2,047,450 in the last ninety days. 2.11% of the stock is currently owned by corporate 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.