Close Brothers Group (LON:CBG) Downgraded to Sector perform Rating by Royal Bank Of Canada

Royal Bank Of Canada cut shares of Close Brothers Group (LON:CBG) to a sector perform rating in a research report report published on Monday,Digital Look reports. They currently have GBX 470 price target on the stock, down from their prior price target of GBX 625.

Other equities research analysts have also recently issued reports about the stock. UBS Group reissued a “buy” rating and issued a GBX 555 price objective on shares of Close Brothers Group in a research note on Monday, May 18th. Shore Capital Group cut shares of Close Brothers Group to a “hold” rating and set a GBX 475 target price for the company. in a research report on Wednesday, April 8th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 481.25.

Close Brothers Group Stock Performance

Close Brothers Group stock opened at GBX 401.80 on Monday. Close Brothers Group has a fifty-two week low of GBX 318.40 and a fifty-two week high of GBX 563.50. The firm has a market capitalization of £605.52 million, a price-to-earnings ratio of -11.38, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24. The stock’s fifty day moving average is GBX 447.10 and its two-hundred day moving average is GBX 461.29.

Insider Activity at Close Brothers Group

In other news, insider Sally Williams acquired 6,914 shares of Close Brothers Group stock in a transaction that occurred on Wednesday, April 8th. The shares were acquired at an average price of GBX 456 per share, with a total value of £31,527.84. Also, insider Kari Hale bought 5,017 shares of the stock in a transaction on Monday, April 13th. The stock was purchased at an average cost of GBX 406 per share, with a total value of £20,369.02. Over the last 90 days, insiders have bought 25,601 shares of company stock valued at $11,205,312. Company insiders own 2.19% 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.